Japan - strong growth in exports

Japan’s industrial output rose more than expected in November, fuelled by strong growth in exports.  The 0.6 per cent increase in industrial output in November was more than the median market projection for a 0.5 percent rise and followed a 0.5 percent gain in October. Year-on-year production climbed 3.7 percent, which was originally forecasted at 3.6 per cent.  Industrial output rose in November due to increased production of memory chips, equipment used to make semiconductors, and heavy machinery used in construction, trade ministry data showed on Thursday. Companies are also forecasting a further increase in December as robust overseas demand continues to support factory activity and broader economic growth.