Japan factory output likely rebounded in Sept on auto production recovery: Reuters poll
TOKYO - Japan's industrial output likely rebounded in September, led by a recovery in auto production, but sustained solid growth may be uncertain on lacklustre global demand, a Reuters poll showed on Friday.
"Although the U.S. economy is unexpectedly resilient, the global economy as a whole is showing lower growth," said Takeshi Minami, chief economist at Norinchukin Research Institute. Factory output last month was also likely supported by gains in production of electronic parts and devices on the back of demand increase for semiconductors, the poll showed.
Japan's jobless rate was likely at 2.5% in September, unchanged from August, and the jobs-to-applicants ratio was expected to be steady at 1.23, according to the poll.The poll also found the Bank of Japan will likely keep short-term rates steady at 0.25% when the bank holds a two-day policy meeting ending on Oct. 31.
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