Japanese and South Korean industrial production fell more than economists estimated last month as slowdowns in China and Europe weighed on exports, building the case for more monetary easing.
Japanâ€™s output fell 1.3 percent from July, the biggest decline in three months, a Trade Ministry report showed in Tokyo today. South Korean production slid 0.7 percent, partly on a strike at Hyundai Motor Co.
An increasing risk that Japanâ€™s economy will shrink this quarter and the failure of central bank loosening to dislodge deflation may increase pressure for officials to ease at either of two meetings next month. Todayâ€™s data add to Chinaâ€™s weakest industrial production growth in more than two years in highlighting the failure of policy support to reverse a slowdown across Asia.
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