Japan's industrial production falls 1.5% in June

13:30, July 30, 2010      

Email | Print | Subscribe | Comments | Forum 

Japan's industrial production fell a seasonally adjusted 1.5 percent in June from a month earlier when it rose 0.1 percent, the Ministry of Economy, Trade and Industry ( METI) said in a preliminary report on Friday.

The ministry attributed the drop to a softening of domestic and international demand for motor vehicles and cellular phones.

The production index stood at 94.7 against the base of 100 for 2005, marking a second month of decline on the back of a 0.1 percent decline in the previous month.

The index of industrial shipments fell 0.2 percent to 96.2 following a seasonally adjusted 1.7 percent fall the previous month and inventory rose 2.0 percent to 96.5 and inventory ratio by 4.4 percent to 108.1 against the 2005 base of 100, the ministry reported.

Japan's industrial production for the year ended in June, came in at a 17 percent increase on year compared with a previous reading of 20.4 percent, according to the data.

"Production will slow because exports are losing steam," Hiroaki Muto, a senior economist at Sumitomo Mitsui Asset Management Co. said. "Japan will probably go into an economic lull next year, although it may avoid a double-dip recession."

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Staff members watch a screen showing the blast-off of the Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module at Beijing Aerospace Control Center, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Wang Shen)
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
Hot Forum Discussion