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Economy

Japan's factory output rises 0.8% in Jan to beat forecasts

TOKYO (Reuters) -- Japan's factory output rose more than expected in January, in a sign of relief for an economy facing heightened risks of slipping into a recession as the coronavirus outbreak in China disrupts supply chains and business activity.

The world's third-largest economy shrank at the fastest pace in almost six years in the December quarter as a nationwide tax hike hurt business and consumer spending and exports suffered from soft overseas demand.

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