Japan's August factory output drops more than expected on slowing overseas demand
Share:
TOKYO (Reuters) - Japan's industrial output shrank more than expected in August in the latest warning that the economy and its manufacturers are facing intensifying pressure from a bitter Sino-U.S. trade war.Retail sales, however, expanded at a faster-than-expected pace, signalling strength in private spending ahead of October's nationwide sales tax increase and Japan's economy minister said the government was ready to support the economy if needed. Industrial output fell 1.2% in August,..