* Industrial output drops a record 8.1 percent
* Consumer inflation slows to 1 percent, below forecast
* Economics Minister doubts quantitative easing will work
* Wage data shows job market shrinking
By Hideyuki Sano
TOKYO, Dec 26 (Reuters) - Japan's factories slashed output at a record pace in November in the face of a global economic slump, and core inflation fell faster than forecast, putting the country on course for its second spell of deflation this decade.
With collapsing export orders pummelling manufacturers, the job market is shrinking, threatening to crush consumption and depress prices barely six months after the narrowest measure of consumer inflation popped above zero.
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