Japan factory output likely rebounded in March, while retail sales held firm: Reuters poll

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Japan factory output likely rebounded in March, while retail sales held firm: Reuters poll
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Two youths charged with second degree murder | SaltWire #newsupdate #halifax #police #newstodayTOKYO - Japan's factory output likely staged a strong rebound in March from the previous month's decline, with retail sales probably holding firm on booming inbound tourism and easing worry about weak domestic consumption, a Reuters' poll of 17 analysts found.

"Going forward, downward pressure may persist due to slumping exports for Europe and China, but the trend of pick-up would continue as car output capacity normalises towards May." With the labour crunch boosting wages and investment for robots and labour saving technology, the jobless rate likely inched lower to 2.5% in March from 2.6% in the prior month, while job availability in March held steady at 1.26 openings available to each applicant at public job placement offices.

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