Japan's industrial production up 1.9 pc
Tokyo: Japan's industrial production rose a 1.9 percent in June after dipping in May, government data showed on Monday. The figure compared with a median market forecast for a 1.3 percent increase and followed a 1.3 percent decline in May. Economists were optimistic about the prospects for production given forecasts for rises in the coming months. Manufacturers' output -- the core component of production -- is expected to rise 2.2 percent in July and increase a further 3.7 percent in August, data from the Ministry of Economy, Trade and Industry showed.

Economists said exports bound for Asia, especially ASEAN nations were picking, which means good tidings for the future. For April-June, industrial production rose 0.8 percent from the previous quarter, the third consecutive rise.
Back to News Review index page