Renewed demand in Asia is boosting Japan's recovery from its deepest postwar recession as the nation's manufacturers increased output at the fastest pace in six months in November, says Bloomberg.
Citing figures from the Trade Ministry, Bloomberg says factory production rose 2.6% last month after climbing 0.5% in October. Bloomberg adds the renewed demand in Asia is encouraging manufacturers such as Fuji Heavy Industries Ltd. and Suzuki Motor Corp. to increase production.
Bloomberg notes that the gains in factory output may ease concerns that Japan’s economic recovery will slow down, after a government report this month showed companies plan deeper spending cuts this year.
