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Japan factory output down, inflation slows in November

Construction workers at a building site in Tokyo on November 20, 2014Japan’s factory production suffered a surprise drop and inflation continued to slow in November, official data showed Friday despite Prime Minister Shinzo Abe’s pro-spending policy blitz to stoke growth. November industrial production fell 0.6 percent from the previous month, the industry ministry said, against a market forecast for a 0.8 percent rise. Separate data showed core consumer inflation continued to slow in November. The reading was far short of 2.0 percent inflation targeted by the Bank of Japan.

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