The Magazine for Asian Investors
The Japanese Ministry of Economy, Trade and Industry reported that Japanese industrial production rose 8.9% in June. This is the first increase in three months, helped by the easing of China’s lockdown measures to contain the spread of the coronavirus. In addition, the problem of shortages in the industrial sector began to ease.
The automotive industry rose by 14% in June after the Chinese government announced an easing of lockdown measures. This allowed Japanese companies operating in China to produce more cars.
At the same time, the production of electronic parts and components increased by 11.4%, the machinery industry by 7.4% and the production of telecommunications equipment by 11%.
According to the ministry, the industrial transportation index rose 4.6% to 93.3, and the industrial inventory index increased 2.1% to 99.8.
In addition, the ministry conducted a survey of Japanese manufacturers, which showed that industrial production is expected to increase by 3.8% in July and 6% in August.