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Japanese Industrial expands

Japanese industrial production rose for the first time in six months in November, largely thanks to government assistance programmes.

Factory output was 1% up on October, with much of the lift coming from an increase in car production.

That has been underpinned by an official programme providing incentives to buyers of hybrid cars, such as Toyota’s Prius.

Output of various electronics and machinery parts also lifted production.

The Ministry of Economy, Trade and Industry, which released the figures, said it expected factory production to continue rising – by 3.4% in December and 3.7% in January.

BBC News

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May
24
Today’s Global
Market Events
8:30am

CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am

EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am

USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm

USD
FOMC Member Dudley Speaks
3:00pm

USD
Treasury Sec Geithner Speaks
7:30pm

JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%