TOKYO - Japan's industrial output rose for the fourth straight month in September as the world's third-largest economy continued to shake off the drag from the Covid-19 crisis largely thanks to improving external demand.
"Overseas economies and especially China are picking up, and Japan's exports are growing," said Hiroshi Miyazaki, senior economist at Mitsubishi UFJ Morgan Stanley Securities. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to rise 4.5 per cent in October and 1.2 per cent in November.The economy posted its worst postwar contraction in the second quarter due to the coronavirus pandemic but has been gradually recovering. Gross domestic product data due on Nov 16 is expected to show a return to growth in the three months through September, thanks in part to a rebound in exports and output.
Output of capital goods, which are an indicator of the health of capital spending, rose just 2.6 per cent from the previous month, following a steep 4.5 per cent fall in August.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan PM Suga to announce plan for fresh stimulus package to ease COVID-19 pandemic painJapanese Prime Minister Yoshihide Suga will announce next week a plan for fresh stimulus to help the recession-stricken economy shake off the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan muddles messaging on nuclear's role in carbon targetOne top official said Japan will not consider new nuclear plants while another said additional reactors must be considered.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Japan not considering new reactors to help reach 2050 carbon-neutral goalTOKYO: Japan is not considering building new nuclear power plants to help it become carbon-free by 2050, the government's top spokesman said on ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan tops 100,000 coronavirus cases, daily infections creep upBut the country has not suffered the same sort of surge seen in Europe and the US.. Read more at straitstimes.com. And the gahmen opening up air travel between the two countries 🤦♂️
Source: The Straits Times - 🏆 8. / 63 Read more »
US judge delays extradition of Carlos Ghosn's accused escape plotters to JapanA federal judge on Thursday granted a last-minute request to stop the U.S. government from turning over to Japan two Massachusetts men to face ... Explain about the hair dramas?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US approves extradition of Carlos Ghosn's accused escape plotters to JapanThe US State Department has approved turning over to Japan two Massachusetts men to face charges that they helped smuggle former Nissan Motor ... Nao nao nao
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »