Japan’s Production Rebounds, Signaling Continued Modest Recovery
- Cars and electronic devices push up industrial output
- Retail sales in Japan slightly slump from previous month
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Japan’s industrial production rebounded in June, capping a quarterly gain that suggests a modest recovery continued in the second quarter.
Factory output rose 2% from the previous month, rebounding from the previous month and led by increases in cars and electronic devices, according to the industry ministry Monday. Economists had forecast a 2.4% advance. The gauge rose 1.3% in the second quarter from the first one.