Asian Economies Boost Japan's Industrial Output

Japan's industrial output rose 1.0 percent in November, the first time in six months, boosted by demand from neighbouring Asian economies, reports Reuters.

 

Data obtained by Reuters show that companies increased output of automobile, machinery and electronic parts mainly for export to Asia and the Middle East.

 

Manufacturers surveyed by the ministry expect output to rise 3.4% in December and 3.7% in January.

 

"We have already got some positive news from Asian neighbors for October and November. This is confirmation that Japan is benefiting from the recovery of the Asian economies," Masamichi Adachi, senior economist at JPMorgan Securities Japan, told Reuters.

 

 

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