Japan Output Rebounds in Sign Companies Enduring Tax Rise

Japan’s production rebounded in May, indicating that manufacturers are riding out a sales-tax increase as Prime Minister Shinzo Abe seeks to steer the economy through its aftermath.

Industrial output rose 0.5 percent after dropping 2.8 percent in April, the trade ministry said today. The median forecast of 28 economists surveyed by Bloomberg News was for a 0.9 percent increase. The government projects production will decrease 0.7 percent in June and increase 1.5 percent in July.