BOJ under pressure as CPI slowed & contraction seen in factory output

Keeping the BOJ under pressure, Japan core consumer inflation slowed to 0.7% in November, far below the central bank's 2% target. Factory output also unexpectedly fell and real wages marked their steepest drop in five years, dealing a blow to PM Shinzo Abe's stimulus policies aimed at pulling the world’s third-largest economy out of stagnation.