Arab Today, arab today japan\s industrial production tumbles in may
Last Updated : GMT 06:04:49
Arab Today, arab today
Arab Today, arab today

Japan\'s industrial production tumbles in May

Arab Today, arab today

Arab Today, arab today Japan\'s industrial production tumbles in May

Tokyo - AFP

Japan\'s factory output tumbled 3.1 percent in May, official data showed Friday, a bigger-than-expected drop as a slump overseas hurt exports but other figures pointed to a healthier picture at home. The output decline comes amid growing fears about the fiscal situation in Europe -- a major market for Japanese products -- and a strong yen hurting Japan, the world\'s third-largest economy. A survey of economists polled by Dow Jones Newswires showed expectations for a 2.8 percent fall in industrial production in May. \"The lower output was mainly attributed to such industries as transport... chemicals and general machinery,\" the economy, trade and industry ministry said in a statement. \"The production of passenger vehicles, trucks and small-sized cars especially fell,\" it added. A survey of manufacturers released with the data showed that companies expect output to reverse course and rise 2.7 percent in June and 2.4 percent in July. Other data released Friday showed household spending jumping 4.0 percent year-on-year in May, well above expectations of a 2.3 percent rise, while unemployment slipped. Japan\'s jobless rate fell to 4.4 percent in May, edging down from 4.6 percent the previous month, the internal affairs ministry said. Consumer prices, meanwhile, fell in May with annual inflation standing at minus 0.1 percent, the first price decrease since January, largely due to lower prices for electronic products, the data showed. Japan has been in a deflationary spiral for years, with a series of monetary and fiscal policy moves failing to reverse the trend. Friday\'s data came after figures on Thursday showed that retail sales were also better than expected, with government vehicle subsidies a key but temporary driver. \"Spending figures are flattered by the auto subsidy which is driving sales of new vehicles and is expected to expire later this summer,\" Capital Economics said in a note ahead of the release of Friday\'s statistics. Taro Saito, senior economist at NLI Research Institute in Tokyo, said the data paint a mixed picture for Japan. \"The (output) readings for June and July will likely be lower than manufacturers\' forecasts because the global environment for exporters has not improved much,\" he told AFP. \"But I also have to point out that domestic demand has proven to be pretty strong and supporting the Japanese economy. We don\'t need to be so pessimistic.\" Japanese industry is facing major challenges after the country shut down its nuclear reactors in the wake of last year\'s atomic crisis, with industry being asked to make deep cuts in energy use. All 50 of Japan\'s nuclear power stations have been switched off after the March 11 tsunami, which swamped reactors at the Fukushima Daiichi plant and sent them into meltdown. The government has approved a plan to restart two reactors amid widespread anti-nuclear sentiment. Despite the dip in unemployment in May, some of the country\'s major electronics giants including Sony and Panasonic have announced thousands of job cuts in the wake of record losses as they struggle to compete with overseas rivals. Manufacturers were hammered by last year\'s natural disasters, while the strong yen -- which hit record highs against the dollar last year -- has hurt exports. Europe, a key market for everything from Japanese televisions and DVD players to cars and machinery, remains at the top of policymakers\' concerns, with officials repeatedly saying the eurozone crisis was the biggest threat to Japan\'s economic recovery.

arabstoday
arabstoday

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\s industrial production tumbles in may Arab Today, arab today japan\s industrial production tumbles in may

 



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\s industrial production tumbles in may Arab Today, arab today japan\s industrial production tumbles in may

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Egypt tourism revival steady but slow

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today France opens door to post-2025 talks

GMT 05:16 2017 Wednesday ,20 September

France opens door to post-2025 talks
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 21:57 2017 Sunday ,17 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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