Japan's Manufacturers Increase Production for 7th Month

Boosted by the spending of governments worldwide, Japan's manufacturers increased production for a seventh month in September, the best streak of gains in 12 years, says a Bloomberg report.

 

Quoting figures from the Trade Ministry, Bloomberg reports that factory output rose 1.4% last month from August, when it climbed 1.6%. 

 

According to Bloomberg, production has rebounded since a record export collapse in the first quarter left half the country’s factory capacity sitting idle. Growth in China, fueled by a 4 trillion yuan ($586 billion) stimulus package, is generating sales for Japanese manufacturers including Hitachi Construction Machinery Co., which has finally disposed inventory that piled up during the recession.
 

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