Japan factory output, household spending turn down | Bangkok Post: news

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Japan factory output, household spending turn down

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Japanese factories showed unexpectedly weak performance in June while household spending also slipped, according to official data Tuesday, underscoring the challenge Tokyo faces in kickstarting the world's third-largest economy. 

Japanese cross a busy intersection in Tokyo's Shibuya shopping district on June 6, 2013. Japanese factories showed unexpectedly weak performance in June while household spending also slipped, according to official data Tuesday, underscoring the challenge Tokyo faces in kickstarting the world's third-largest economy.

The latest figures offer a mixed picture for Prime Minister Shinzo Abe's bid to stoke the deflation-plagued Japanese economy, after he unleashed a growth-boosting programme dubbed "Abenomics" involving massive government spending and central bank monetary easing.

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