Japan output rises again
Source: Agencies |
October 1, 2011, Saturday
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Print Edition
Print Edition
JAPAN'S factory production rose for the fifth straight month in August, almost restoring it to levels recorded before the March earthquake and tsunami, the government said yesterday.
The improvement, however, is clouded by uncertainty as Japanese manufacturers contend with a persistently strong yen and a fragile global economy.
Industrial output climbed 0.8 percent from the previous month, according to a Ministry of Economy, Trade and Industry report. Sectors driving gains included transport equipment, electronic parts, and iron and steel.
The ministry said industrial production has almost fully recovered from the March disasters. But August's result undershot the government's earlier estimates, reflecting the new pressures on exports.
"It would be necessary to keep watch on future developments," the ministry said.
Exports are a key growth driver for the world's No. 3 economy, and any slowdown in overseas demand could thwart progress made since the disaster. The tsunami wiped out much of Japan's northeast coast, damaging factories and disrupting critical supplies for key Japanese industries such as autos and electronics, but supply issues are mostly resolved.
The improvement, however, is clouded by uncertainty as Japanese manufacturers contend with a persistently strong yen and a fragile global economy.
Industrial output climbed 0.8 percent from the previous month, according to a Ministry of Economy, Trade and Industry report. Sectors driving gains included transport equipment, electronic parts, and iron and steel.
The ministry said industrial production has almost fully recovered from the March disasters. But August's result undershot the government's earlier estimates, reflecting the new pressures on exports.
"It would be necessary to keep watch on future developments," the ministry said.
Exports are a key growth driver for the world's No. 3 economy, and any slowdown in overseas demand could thwart progress made since the disaster. The tsunami wiped out much of Japan's northeast coast, damaging factories and disrupting critical supplies for key Japanese industries such as autos and electronics, but supply issues are mostly resolved.
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