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"The trend is output is recovering, but there are a lot of risks to exports because of Europe's debt problems"
- Norio Miyagawa, senior economist at Mizuho Securities Research & Consulting
Japan's preliminary industrial output increased 2.4 per cent from the previous month in October, the Ministry of Economy, Trade and Industry reported on Wednesday. Economists expected the figure to advance 1.1 per cent.
"Carmakers are increasing production to make up for production lost after the earthquake," said Norio Miyagawa, senior economist at Mizuho Securities Research & Consulting.
"Also, the impact from flooding in Thailand is less then expected. The trend is output is recovering, but there are a lot of risks to exports because of Europe's debt problems."