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Industrial production remained stable in Japan and South Korea throughout July, despite challenges posed by the Middle East conflict. In Japan, production saw a slight increase of 0.1% above expectations, alongside a 2.4% rise in retail sales, reflecting the resilience of the Japanese economy and its readiness to raise interest rates soon. In South Korea, industrial output remained steady, with electronic component manufacturing growing by 20.7%, even as sales of durable goods declined by 7.7%.
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