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Japan September factory output beats forecasts, but retail sales disappoint ahead of BoJ

The data give the BoJ evidence on both sides, so the reaction in the yen and Japanese government bonds is likely to be modest ahead of the policy decision and Outlook Report later in the day. Stronger output and upbeat production plans support Japanese industrials and exporters. Softer retail sales could weigh on consumer-facing stocks if the weakness persists. The production upgrade suggests…

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