Economics
Japan Industrial Output Rebounds in Sign of Further Recovery
- Output for 2Q points to another quarter of economic expansion
- Gain from previous quarter is biggest in more than three years
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Japan’s industrial production rebounded in June, as global demand continued to support the nation’s economic recovery.
A pick-up in global demand and a weak yen have helped Japanese exporters, lifting the nation’s economy to the longest run of expansion in a decade. Reports last week showed that household spending rose in June for the first time in more than a year, while retail sales gained for an eighth month, signaling that both output and consumption were reasonably healthy in the second quarter. Still, stronger gains in wages and inflation are needed to put the economic recovery onto a firmer footing.