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12th of July 2011
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News Tag: Japan

July 8, 2011

Japan’s current account surplus down 52% in May

by Kay Mitchell
...




July 1, 2011

Japan CPI rises for second consecutive month

by Kay Mitchell
”Japan
The Statistics Bureau has today revealed Japan’s core consumer price index (CPI) rose by 0.6% in May on an annual basis – the second consecutive monthly rise due to higher commodity prices. The rise was higher than forecasts of a 0.5% gain and comes after the 0.6% rise in April – which represented the first in two years as the world’s ...




June 29, 2011

Japan’s industrial output recovers further in May

by Kay Mitchell
”Japan’s
Japan’s industrial output recovered further last month after a record drop in March due to the earthquake and tsunami. Disruptions caused by the twin disasters resulted in carmakers being forced to halt production as a result of parts shortages. However, it looks as if the situation is improving for manufacturers after output rose at a better-than-expected rate in May. Industrial output surged by ...




June 28, 2011

Japan’s retail sales fall in May

by Kay Mitchell
...




June 13, 2011

Japan core machinery orders fall in April

by Kay Mitchell
”Japan
Japanese core private-sector machinery orders – a highly volatile series seen as an indicator of corporate spending – unexpected declined in April. According to the Cabinet Office, orders were down 3.3% in April on a monthly basis – far lower than forecasts of a 1.2% rise. Analysts say the fall in orders is attributed to the impact on production of the March ...




June 10, 2011

UK industrial output falls more than expected in April

by Kay Mitchell
”UK
The Office for National Statistics has today revealed UK industrial output fell 1.7% in April – confounding expectations of a 0.1% rise. The fall was attributed to the extra bank holiday for the Royal Wedding and the impact of Japan’s earthquake and tsunami, which disrupted the supply chain. The fall represented the biggest since August 2009. Meanwhile, the narrower measure of ...




June 8, 2011

IMF downgrades Japanese economic growth

by Kay Mitchell
”IMF
The International Monetary Fund (IMF) has downgraded its growth prospects for the world’s third largest economy. The Fund expects the Japanese economy to contract by 0.7% in 2011, much lower than its previous estimate of 1.4%. The IMF said it lowered its growth forecasts because of March’s earthquake and tsunami. The twin disasters caused billions of pounds worth of damage and have impacted on ...




May 31, 2011

Japan’s industrial output recovers in April

by Kay Mitchell
Japan's industrial output recovers in April
Japan's industrial output recovered slightly last month after a record drop in March due to the earthquake and tsunami. Government figures show factory output rose by 1% in April, however, this was lower than the 2% expected by analysts. Furthermore, it was 14% lower compared with April last year. However, according to analysts, today’s figures suggest that the situation is improving for manufacturers. Disruptions caused ...




May 27, 2011

Japan’s car production slumps in April

by Kay Mitchell
Japan's car production slumps in April
Japanese carmakers have been hit as a result of the earthquake and tsunami in March. Figures today revealed Toyota, the world’s largest carmaker, said production plunged 74.5% in April on an annual basis. Meanwhile Honda’s output fell 81% on an annual basis, while Nissan suffered a 48.7% fall as they were forced halt production as a result of parts shortages. In other news today, ...




Japan ends 2 years of deflation

by Kay Mitchell
”Japan
The Statistics Bureau has today revealed Japan has overcome deflation for the first time in 25 months after consumer prices rose by 0.6% last month – in line with forecasts. A short period of deflation (where prices fall rather than increase) is a serious threat to an economy because it deters consumers and businesses from spending in expectation of falling prices. Deflation was ...




May 25, 2011

OECD revises growth prospects for global economy

by Kay Mitchell
”OECD
The Paris-based Organisation for Economic Cooperation and Development (OECD) has revised its growth forecasts for the global economy. The US, which is the world’s largest economy, is expected to see growth this year of 2.6% - revised upwards from a previous estimate of 2.2%. It maintained its 2012 growth forecast at 3.1%. "Growth in the United States is expected to pick up ...




Japan exports slump due to earthquake and tsunami devastation

by Kay Mitchell
”Japan
The Ministry of Finance has today revealed Japan’s exports plunged by in April – hit by the 11 March earthquake and tsunami. Official figures revealed exports fell by 12.5% in April on an annual basis as the twin disasters forced some of Japan’s largest exporters to halt production. Meanwhile, imports surged by 8.9% in April on year on the ...




May 19, 2011

UK car production down in April

by Kay Mitchell
”UK
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a sharp fall in UK car production for the month of April, disrupted by supply shortages, resulting from the Japanese earthquake and tsunami. Japan’s three major carmakers (Toyota, Nissan and Honda) all have operations in the UK, with the latter halving its production in April. UK car production ...




Japan slips back into recession

by Kay Mitchell
”Japan
The Japanese economy, which is the world’s third largest, has slipped back into recession following the devastating earthquake and tsunami which happened on 11 March. The Cabinet Office has today revealed the economy contracted by 0.9% in the January to March period. The economy has now contracted for two consecutive quarters – meaning it has once again entered a recession. On an annual basis, meanwhile, ...




May 18, 2011

Japan service sector activity plunges to 22-year low

by Kay Mitchell
Japan service sector activity plunges to 22-year low
The Ministry of Economy, Trade and Industry today revealed Japanese service sector activity slumped in March due to the earthquake and tsunami. The twin disasters, which occurred on 11 March, led to a fall in activity with the tertiary industry index, falling 6% to 93.5 from February's 99.5. The decline is the steepest since April 1989, said the Ministry. Meanwhile, the ...




April 28, 2011

Japanese industrial output sees record fall

by Kay Mitchell
Japanese industrial output sees record fall
Japanese industrial output fell by 15.3% last month – the largest ever fall as disruptions in the supply chain brought the country's car industry to a halt. The previous record was an 8.6% fall in February 2009 – at the time of the global financial crisis – and was far worse than forecasts of an 11% decline. The figures come as the Bank ...




April 20, 2011

Japanese trade surplus dives in March

by Kay Mitchell
Japanese trade surplus dives in March
Last month's earthquake and tsunami has resulted in a fall in Japan's trade surplus after exports declined. However, a fall in exports was expected after the twin disasters forced some of Japan’s largest exporters to halt production. According to the Ministry of Finance, exports were 2.2% lower at 5.87 trillion yen on an annual basis in March – the first fall in more than ...




April 13, 2011

Japanese Government downgrades growth amid twin disasters

by Kay Mitchell
”Japanese
Following the 8.9 magnitude earthquake and tsunami on 11 March, the Japanese Government has today downgraded its growth forecast for the economy. The twin disasters have caused billions of pounds worth of damage and is set to impact on the country’s economic growth. As a result, the Japanese Government has downgraded its assessment of the economy and said core areas, such as ...




March 29, 2011

Japanese unemployment rate falls in February

by Kay Mitchell
”Japanese
Figures today revealed an unexpected fall in Japan’s unemployment rate. The Ministry of Internal Affairs and Communications said the unemployment rate fell to 4.6% in February - a two-year low and down from January’s rate of 4.9%. Analysts had expected the rate to remain unchanged. The number of jobless people currently stands at 3 million - down 240,000 from a year earlier. Meanwhile, separate figures ...




March 24, 2011

Japan’s trade balance back into a surplus

by Kay Mitchell
Japan’s trade balance back into a surplus
The Ministry of Finance has today revealed Japan swung back to a surplus in February. The trade balance came to a surplus of 654.1 billion yen - after having posted the first deficit for 22 months in January. Exports rose 9% in February on an annual basis - beating expectations of a 8.6% rise. The Japanese economy, which is the world’s third largest, ...




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