Japanese Industry Enjoys Output Upturn

30 June 2003

New figures from Japan – the world’s second largest advertising economy – show the largest gain in industrial production for a year.

Output rose 2.5% in May on the back of healthy electronics sales. Crucially, demand from the US – the key export market for Japanese industry – was particularly high.

The unemployment rate stayed flat at 5.4%, though economists believe pressure on jobs is easing, while a long-running bout of deflation continued as consumer prices dropped 0.2%.

Data sourced from: BBC Online Business News (UK); additional content by WARC staff