Japan factory output down for third straight month (AP)

Bold monetary easing is essential in beating deflation and a strong yen TOKYO — Japanese Prime Minister Shinzo Abe made his biggest push yet to make jobs growth part of the Bank of Japan’s mandate as his government approved US$117 billion of spending to revive the economy in the biggest stimulus since the financial crisis.

Financial data released today showed that Japan’s newly elected ministers have not reached a significant success fighting stagflation and deflation as consumer prices continued to drop as well as factory output, reported Financial Times.   

Japan's factory output rose for a seventh straight month in September, data showed Thursday -- the latest sign the world's second largest economy is slowly recovering from a deep recession.Industrial production increased 1.4 percent in September from August, extending its longest unbroken expansion in 12 years, as car makers boosted their output in response to recovering demand, the government said.The rise beat market forecasts for a gain of 0.9 percent, and followed an increase of 1.6 percent in August.

Japan's factory output rose for a seventh straight month in September, data showed Thursday -- the latest sign the world's second largest economy is slowly recovering from a deep recession.Industrial production increased 1.4 percent in September from August, extending its longest unbroken expansion in 12 years, as car makers boosted their output in response to recovering demand, the government said.The rise beat market forecasts for a gain of 0.9 percent, and followed an increase of 1.6 percent in August.