Japanese industrial output unexpectedly rises.

Japanese industrial production figures for October have provided a bit of unexpected cheer, rising a monthly 1.8% vs consensus of -2%. On year, output fell 4.3%, but that still wasn't as bad as the -8% that was forecast. Meanwhile, unemployment came in an expected 4.2%, although Japan remains in deflation, with core CPI flat on year and non-core inflation down 0.4%.