Industrial output falls in Japan
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Japan's industrial production falls in October while unemployment rises, providing more evidence of a slowdown in the world's second largest economy.
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Japan has said that corporate investment slowed from its recent breakneck pace in the three months to September, raising fears of a downgrade in economic growth for the quarter.
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Japan's central bank offered a bleaker assessment of the economy for the first time in more than a year and a half on Friday, citing weakening industrial production and slowing export growth as a cause foir concern.
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Japan&#39;s unemployment rate fell 0.1 per cent to 4.8 per cent in August, the government said, as recent signs of a recovery in the world&#39;s second largest economy trickled down to the job market.
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The Bank of Japan said Wednesday the confidence of the nation&#39;s largest manufacturers has fallen for the first time in more than two years.
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Japanese stocks fell, paced by exporters such as Canon Inc. and Nissan Motor Co., after a US government report showed that the world&#39;s largest economy added fewer jobs in November than some economists had expected.
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U.S. industrial output dropped unexpectedly in January as automakers slashed production, while new claims for jobless rose sharply last week partly due to winter storms, data released on Thursday showed.
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The Japanese economy is close to stagnation, according to revisions to official figures yesterday that cut the estimate of GDP growth to just 0.1 per cent.
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TOKYO Japanese stocks fell Thursday after a government report showed that machinery orders unexpectedly declined in September, signaling that corporate investment may weaken.
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Manufacturing output has unexpectedly fallen for the third month in a row in August and at the sharpest pace in nearly two years, official data show.
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LONDON : Britain&#39;s manufacturing industries experienced an unexpected drop in output in August, the first time since January 2002 that output has fallen for three months in a row.
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Machinery orders by Japanese firms fall in 2007, adding to fears about the health of the economy.
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Japanese companies were less upbeat in December than they were three months ago, amid recent data indicating that the world's second-largest economy may be losing steam, a key government survey showed Wednesday.
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Japan&#39;s economic growth in the April-June period was revised down to 0.3 percent in real terms, dropping 0.1 percentage points from the previously released figure,the government said Friday.
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The Nikkei share average fell 0.34 per cent by the close on Monday on selling of exporters, including Toyota Motor, which reported earnings after the market close, following a rise in the yen.
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Japanese stocks fell, led by exporters such as Toyota Motor Corp. and Canon Inc., after a US government report showed that the world&#39;s largest economy added fewer jobs in November than economists had expected.
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Japan's trade surplus shrank 20% in December as exports fell and high oil prices increased the value of imports.