Japanese Industrial Output Rises

Riding on Japan's gradual economic recovery, the nation's industrial output increased for the eighth-straight month in October, reports the Wall Street Journal.

 

Citing figures from the Ministry of Economy, the newspaper says that industrial output rose 0.5% from the previous month in October, much lower than forecasts for a 2.5% increase. The figure was also lower than the revised 2.1% increase in September.

 

Also encouraging in October's data was the manufacturers' outlook for the rest of the year, with an expected 3.3% increase in production in November and 1.0% in December, the METI data showed.

 

Speaking to the Journal, analysts warn that if the yen continues to strengthen against its major rivals, Japanese firms could be forced to start cutting production as the stronger currency dents their competitiveness in overseas markets.

 

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