AP - Japan's industrial production rebounded 4 percent in December from November and household spending increased, suggesting the still-weak economy is gaining some steam after last year's tsunami disaster and flooding in Thailand that disrupted manufacturers' supply chains.
By Willem Thorbecke
Today, we're fortunate to have Willem Thorbecke, Senior Research Fellow at Asian Development Bank Institute and a Consulting Fellow at Japan's Research Institute of Economy, Trade and Industry, as a guest contributor.
Asia's role in the propagation of the global recession has been a subject of study, but relatively little attention has been devoted to the interaction of exchange rates a
Japan's industrial output shrivelled in November, as flooding in Thailand added to woes for companies already battling a strong yen and the global economic chill.Factory production dropped 2.6 percent month-on-month, worse than market expectations of a 0.7 percent fall, government data showed.Production of passenger cars and mobile phones were among the hardest hit as Japanese-run plants in Thailand were crippled by devastating floods that hit the country.Output rose 2.2 percent month-on-month in October.
Marc Chandler submits:In recent weeks several investment houses and observers have suggested the attractiveness of Japanese shares. The question now, as is often the case, is what came first, the upgraded assessments or the flows? The fact of the matter is that, drawing from MOF data, foreign investors have been net buyers of Japanese shares for nine consecutive weeks through last week.
WASHINGTON (Reuters) - Industrial production was unchanged in February as a sharp drop in mining output offset a third straight monthly gain in factory production, the Federal Reserve said on Friday. Manufacturing output overall climbed 0.3 percent despite a decline in auto production after a January spike. Automakers have been trying to meet demand that had been pent up by a lack of popular models after natural disasters in Japan early last year disrupted supply chains. The sharp drop in mining output partly reflected a drop off in natural gas extraction. ...
Japan's contracting economy got a slew of bad news Friday when government figures showed that industrial production plunged by its biggest margin on record in November, the jobless rate jumped and household spending fell.