10月日本工業產出增幅提升 形勢喜憂參半
The pace of Japanese production rose at a brisk clip during the month of October, giving policymakers hope - if not more mixed messages - about the strength of the Japanese economy.
10月份，日本生產增長速度突然提升，讓決策者對日本經濟的實力有了更多希望，或許也可以理解爲釋放了更多喜憂參半的信號。
Industrial production expanded 1.4 per cent month-on-month in October, the quickest pace since a 4.1 per cent rise in January. It was better than the 1.1 per cent gain in September, but still fell short of economists' expectations for a gain of 1.8 per cent.
10月份，日本工業產出環比增長1.4%，是自1月份出現4.1%的增幅以來增長最快的一次。這一數字高於9月份1.1%的增幅，不過仍低於經濟學家1.8%的增長預期。
Despite the solid expansion, the yearly rate weakened to -1.4 per cent last month, from a -0.8 per cent pace in September. Economists expected production to have declined 0.9 per cent over the 12 months to October.
儘管增勢堅挺，上個月年增長率還是從9月份的下跌0.8%，滑落至下跌1.4%。經濟學家原本預計，在截至10月份的12個月裏，日本工業產出下滑幅度爲0.9%。
In its decision to not boost its monetary stimulus efforts, the Bank of Japan noted industrial production was one area where the economy was just puttering along. Certainly, there were other parts of the economy, such as the labour market, that were doing much better.
不過，日本央行(BoJ)仍決定不加大貨幣政策刺激力度。該行指出，工業產出是日本經濟疲軟的領域之一。當然，就業市場等日本經濟的其他領域，表現要好得多。
While both numbers came in below forecast, they show how the BoJ has a tough decision on its hands, with respect to potentially ramping up its quantitative easing programme. The monthly numbers look good, the yearly ones not so much.
儘管兩個數字都低於預期，它們還是顯示出在加大量化寬鬆計劃力度方面，日本央行正面臨艱難的抉擇。目前，環比數據看起來還不錯，而同比數據則不太好。
Taken alongside data released in the past few days, and it doesn't make things easier. The country is still struggling with deflation and household spending slumped last month. But retail sales data released this morning topped estimates.
如果一併考慮過去幾天裏公佈的數據，情況也不會變得更好。上個月，日本仍在與通縮和家庭開支下滑作鬥爭。不過，今天早上公佈的零售業銷售數據超出了人們的估計。
