TOKYO —
Japan’s industrial production rose 1.3% in April from the previous month, the government said Monday.
The seasonally adjusted result marks the second straight climb as the world’s second biggest economy benefits from robust growth in China and elsewhere in Asia. Production expanded 1.2% in March.
Higher output among makers of general machinery and fabricated metals led the advance, according to the Ministry of Economy, Trade and Industry’s preliminary report.
Factory output is expected to decelerate in the following two months. The ministry’s survey forecasts production to rise 0.4% in May and 0.3% in June.
Kyohei Morita, chief Japan economist at Barclays Capital, says the likely slowdown is caused by stimulus measures running their course and factories adjusting their speed.
“As such, we would view it as a healthy deceleration, setting the stage for a pick-up against from July-September,” he said in a preview report.
http://www.japantoday.com/category/business/view/japans-industrial-output-climbs-13
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