Barefoot Investor: Japan December Industrial Output Rises Less-Than-Forecast 2.5%

Japan’s industrial production rose less than economists forecast, suggesting that a recovery in the nation’s manufacturing sector is lagging a weakening yen.

Output rose 2.5 percent from November, when it declined 1.4 percent, the Trade Ministry said in Tokyo today. The median estimate of 25 economists was for a 4.1 percent gain. Production fell 7.8 percent from the previous year.

The yen has weakened more than 12 percent against the dollar in the past three months, the most among 16 major currencies tracked by Bloomberg. It was at 91.06 per dollar as of 8:52 a.m. in Tokyo. The Nikkei 225 Stock Average (NKY) has gained more than 16 percent since the beginning of December.

Japan’s three largest automakers -- Toyota Motor Corp. (7203), Honda Motor Co. and Nissan Motor Co. -- all reported falling domestic production in December from the previous month.

Manufacturing in China, Japan’s biggest export market, is expanding at the fastest rate in two years, bolstering prospects that economic growth there will accelerate for a second straight quarter.

Weaker Yen

A weaker yen makes products relatively cheaper in export markets and boosts overseas earnings for Japanese companies such as Toyota and Canon Inc. (7751) when repatriated.

Twelve analysts covering Toyota, Japan’s biggest car manufacturer, have raised their earnings estimates for the next fiscal year.
The nation’s gross domestic product shrank at an annualized 3.5 percent pace in the third quarter of last year, the second straight contraction and meeting the textbook definition of a recession.


Osman Mohammed said... @ September 12, 2017 at 6:52 PM

Do you need Personal Loan?
Business Cash Loan?
Unsecured Loan
Fast and Simple Loan?
Quick Application Process?
Approvals within 24-72 Hours?
No Hidden Fees Loan?
Funding in less than 1 Week?
Get unsecured working capital?
Email us:(
Application Form:
Full Name:................
Loan Amount Needed:.
Purpose of loan:.......
Loan Duration:..
Marital status:....
Home Address:..
Mobile / Cell:....
Monthly Income:....
Email us(

Gagan said... @ November 30, 2017 at 7:05 PM

how to know if someone blocked you on instagram

tarun said... @ April 30, 2018 at 10:43 PM

How To Fix HP Printer Is Offline To Online in Windows

HP Printer Is Offline

Balvinder Dadyal said... @ October 16, 2018 at 12:31 AM

SEO Training In Chandigarh

SEO Training In Chandigarh

PPC Training In Chandigarh

SEO Training In Chandigarh

Unknown said... @ June 25, 2019 at 5:55 AM

We are here to guide & providing solutions for Alexa App and to guide you with steps to connect the app with the other devices.

Post a Comment

Related Posts Plugin for WordPress, Blogger...