TOKYO (Oct 31): Japan's industrial output stalled in September in a worrying sign that the economy, already struggling to mount a sure-footed recovery, may be losing some momentum due to weak consumer spending and exports. Industrial output was unchanged in September from the previous month. Industrial output was flat in September as declines in semiconductor and personal computer production offset gains in autos and construction equipment. In the July-September quarter, industrial output rose 1.1%, faster than a 0.2% gain in the previous quarter, but economists say growth could moderate slightly in October-December. Sources have told Reuters the central bank will cut next fiscal year's inflation forecast slightly, reflecting weak consumption and falling import costs.

Source: The Edge Markets October 31, 2016 07:37 UTC