Industrial production in Japan benefits from the international recovery - January 31, 2011
The archipelago has recorded the highest growth in industrial production in December over a year, rising by 3.1%. Dynamism linked to the health sector automotive, electronic éindustrie and steel. An employee of Nissan Motor is working to assemble an electric car factory in Oppama plant in Yokosuka, south of Tokyo.
Industrial production in Japan rose 3.1% in December over one month and 15.9% for the whole of 2010, the archipelago advantage of the international recovery for export, according to official statistics issued Monday.This increase in December, the strongest since almost a year, owing mainly to the automotive sector, as well as the electronics industry and the steel industry, said the Ministry of Economy, Trade and Industry (METI) in preliminary data.
"Production will resumed soon after touching a low in October," a period when high-tech industries have reduced their rate to sell their stocks, "said Naoki Murakami, an economist at the brokerage Monex Securities. Automotive Industries also seem to recover from late in the month of September, subsidies for the purchase of cars, "green", a stop that has hampered sales in Japan for several weeks, added Naoki Murakami."The Japanese manufacturing is sensitive to the global economy, it increases its production in the wake of the international recovery led by the United States," he said.
Also in December from November, shipments rose 1.1% thanks to higher sales of electronic devices and components, as well as cars, and stocks for their share rose 1.4% from by the sector of telecommunications equipment, said Meti.
During the same month, the nation's trade surplus has risen by a third, boosted by strong exports to China, the United States and the European Union, the government announced last week.This good business performance abroad seems to give a new health economy of the archipelago, after an air hole through the fall.
The Meti thus held that industrial production now showing "signs of increasing." He said Japanese manufacturers expect further production increases in January, 5.7%, before being reduced by 1.2% in February.
Domestic consumption remains mixed in a Japan plagued by deflation, intensifying the dependence of the Japanese economy vis-à-vis other countries. In 2010, industrial production surged in the final 15.9%, according to data published elsewhere to the trade, after falling 21.9% in 2009 as a result of the global recession which had badly beaten Japan. Plants of the archipelago have much better shot in 2010, but without finding their level before the crisis.