Mixed Data From Japan as Inflation Flat, Jobless Rate Falls

January 30, 2015 1:09 AM

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Japan's industrial output edged higher in December, suggesting the world's third-largest economy may be turning the corner on a recession brought on by a hefty sales tax hike.

Data released Friday showed manufacturing output increased 0.3 percent in December from the same month a year earlier. However, inflation moderated to 2.5 percent from a year earlier, compared with 2.7 percent in November.

Also read: U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent

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