Japan production growth misses consensus

Right path: Ueda fielding questions during a press conference in Tokyo. A tight job market is a crucial component in the positive growth cycle both Ueda and Prime Minister Kishida are aiming to achieve. — Bloomberg

TOKYO: Japan’s industrial production rebounded at a pace that was weaker than expected, ahead of a closely watched Bank of Japan (BoJ) policy meeting.

Factory output increased 0.2% in September from a month earlier, the Industry Ministry said yesterday, missing economist expectations of a 2.5% gain.