Japan economic indicators are seen steady, though slow in October
In October, Japan's industrial output was generally expected to demonstrate little change, according to a Reuters survey. It suggests uninspiring domestic as well as external demand hampered a steady revival in production.
Industrial production was observed likely to decline 0.1% in October from last month, the Reuters survey of 20 experts disclosed, after a 0.6% ascend in September and a 1.3% surge in August.
Compared with the previous year and early this year, the trend of factory production has revived. However, it hasn’t got back to a steady recovery path because of sluggish domestic and also external demand.
Analysts point out that production in sectors, including electronic parts, transport equipment and devices stood still, though poor exports likely undermined such sectors as business- oriented machinery.
The trade ministry is expected to issue factory output on November 30.