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Japan October factory output up

11-30-2011 14:35 BJT

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Japanese factory output rose more than expected in October, with 2.4 percent growth from September's 3.3 percent decline.

The manufacturers survey by Japan’s Ministry of Economy, Trade and Industry beat a median forecast of one percent. It’s a positive sign that the recent floods in Thailand had a smaller-than-expected impact on supply chains.

But outlook is still clouded by the threat of Europe’s deepening debt woes. The forecast for November suggests a 0.1 percent fall, but a 2.7 percent increase is expected for December.

The world’s third-largest economy has recovered from a slump caused by the devastating tsunami and nuclear disasters in March. The government is hoping to add more spending on reconstruction.

But before the money starts to flow in, policy-makers need to deal with a stubbornly appreciating yen, to ensure the recovery remains on track.

 

Editor:Zhang Rui |Source: CNTV.CN

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