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Japan factory output up, firms expect recovery

(Reuters) - Japan December factory output rise the fastest speed in a year and a half, the company is looking forward to more income, improve the stability of the global demand and export economy from the doldrums of the hope.
In the production growth 2.5%, lower than the market estimated median rose 4.5% and 1.4% of the decline, November, ministry of economic affairs, trade and industry data display, on Thursday.
The survey by the ministry of finance manufacturer puts forward the forecast in January from the previous forecast of 2.4% rise up 2.6%. The company is expected to yield will increase 2.3% in February, it shows that moderate recovery in the next few months.
Data can be should encourage prime minister Shinzo Abe (Shinzo Abe) government, this is bet big fiscal spending and open monetary easing, the bank of Japan can make economic decades of stop start growth and intermittent deflation.
"The result is not bad prediction shows that, the output may be in a good pace continues to grow," said Tonouchi repair, Morgan Stanley mitsubishi UFJ securities senior fixed income strategy.
He said: "we can say that production is bottoming out. Overseas economic is unlikely any further deterioration, so it will support Japan's production and the overall economy.
Independent data announced Thursday show that Japanese manufacturing activity 1 month contraction, but slowing pace of contraction, for the first time in four months slowly from export as a leading recession the recovery of countries. JPRPMI = ECI
Analysts expect, the Japanese economy will moderate growth, this year exports will resume in the global economy to rebound, and Abe's aggressive monetary and fiscal policy may also help boost the economy.
His ambitious strategy - called "Abenomics" - has sent the yen to two and a half years, low share price pushed to 32 months highs. N225.
Relentless pressure, the bank of Japan last week doubled to 2% inflation target, and promised to buy assets next year, to help defeat deflation in any one of the members of the commitment of the quota.
Earlier this month, the government of the 10.3 trillion yen ($11.45 billion) economic stimulus plans, Abe's plan to revive the economy.
But in the $1.02 trillion on Tuesday under the approval of the fiscal year budget proposal, the government's goal is to make a new bond sales tax income less than a symbolic gestures show that the determined to continue to work hard to solve Japan's poor financial.



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