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The weak data has once again raised calls for policymakers to boost stimulus measures to spur growth.
The prospects of a weak yen, coupled with further stimulus boost, has also had a positive impact on the stock market.
In China, disappointing investment, industrial production and retail sales figures prompted talk of further stimulus to boost the economy, on top on the recent rate cut.
Investors piled into riskier assets following unexpected comments from both the Bank of England and the European Central Bank suggesting that interest rates would remain low for some while and further stimulus to boost the global economy would be considered.
Financial shares are rallying strongly after the Bank of Japan introduced further stimulus measures to boost its flagging economy.
On the wider market, ECB President Mario Draghi injected life into the FTSE 100, which rallied 100.21 points to 5,773.79 by signalling that the central bank could boost its stimulus in March.
In February, the Bank's monetary policy committee (MPC) boosted the stimulus to £325bn.
Traders have cited concerns that China's growth has been artificially boosted by stimulus packages, which could be unsustainable.
Mr Abe wants the central bank to boost its stimulus measures as well as take steps to help stoke inflation in the country.
The Bank of England's rate-setting committee remains divided over whether or not to boost economic stimulus, minutes of its latest meeting show.
Mr Abe has also called upon the central bank to boost its stimulus measures and undertake aggressive monetary easing to spur economic growth.
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