Japanese Production Slows On US Weakness

30 October 2002

Hopes that the long-suffering Japanese economy is on the road to some sort of recovery look short-lived, as new figures show a drop in industrial output.

According to the Ministry of Economy, Trade and Industry, production slipped 0.3% between August and September, the first such decline in three months. Japan’s industry suffered from bumpy economic conditions in the US, its biggest export market.

In addition, separate government figures show unemployment stayed flat at 5.4% last month, only slightly down on the post-war high of 5.6% recorded last December.

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