Arab Today, arab today japan factory output household spending turn down
Last Updated : GMT 10:41:11
Arab Today, arab today
Arab Today, arab today

Japan factory output, household spending turn down

Arab Today, arab today

Arab Today, arab today Japan factory output, household spending turn down

Tokyo - AFP

Japanese factories showed unexpectedly weak performance in June while household spending also slipped, according to official data Tuesday, underscoring the challenge Tokyo faces in kickstarting the world\'s third-largest economy. The latest figures offer a mixed picture for Prime Minister Shinzo Abe\'s bid to stoke the deflation-plagued Japanese economy, after he unleashed a growth-boosting programme dubbed \"Abenomics\" involving massive government spending and central bank monetary easing. The key aim is to reverse years of falling prices which have held back growth, as the Bank of Japan (BoJ) aims to hit a two-percent inflation target in as many years, an ambitious timeline that some analysts have cast doubt on. On Monday, BoJ governor Haruhiko Kuroda said a planned sales tax hike would not derail Japan\'s recovery, as Abe mulls whether to usher in the increase that is seen as crucial to shrinking the country\'s massive debt. The fresh data Tuesday showed that Japan\'s industrial production turned down 3.3 percent on-month in June as production of cars and electronic parts slipped, highlighting a mixed picture for demand overseas. The decline reversed a rise in May and was worse than the average economist expectations for a 1.7 percent decline, according to the leading Nikkei business daily. Separate figures showed that household spending last month slipped 0.4 percent from a year earlier, despite expectations of a rise after earlier figures showed consumer prices went up for the first time in more than a year. However, factory data was brighter on a quarterly basis with output expanding 1.4 percent between April and June, while a producer survey released with the figures was also optimistic. Firms expect factory output to rise 6.5 percent in July and then slip 0.9 percent in August, it said. \"Industrial production shows signs of picking up at a moderate pace,\" the ministry of economy, trade and industry said in a statement. Also upbeat was fresh jobs data that showed Japan\'s unemployment rate fell to 3.9 percent in June, the lowest point in more than four years. The decline -- from 4.1 percent in May -- translated into the best reading since 3.8 percent posted in October 2008, according to the internal affairs ministry. \"A little sunlight is entering the job market where recovery tends to lag behind those in other economic areas,\" Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute, told Dow Jones Newswires. \"On average, (factory) output remains on an upward trend, helped by brisk external demand and the weaker yen. So you don\'t have to worry too much about the declines in a single month,\" he added. Economists have been sifting through economic data in the past few months looking for concrete signs that Tokyo\'s efforts to boost growth are taking hold. A sharply weaker yen, driven down by Abe\'s economic policies, have helped exporters by making them more competitive overseas while lifting their repatriated foreign income, as Japan\'s latest quarterly earnings season gets underway. However, the currency\'s dive has also pushed up the cost of imports, particularly energy, after Japan was forced to turn to pricey fossil-fuel imports after shutting its nuclear reactors in the wake of the Fukushima crisis two years ago.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan factory output household spending turn down Arab Today, arab today japan factory output household spending turn down

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday