Industrial output in Japan fell by 2.1% in June, the second monthly drop in a row, due to a dip in the sector which produces machines for general purposes, according to a preliminary report by the Ministry of Economy, Trade and Industry. The decline was more than double The ministry said a short-term fall would not be an issue, and reiterated its position that Japan's industrial output was "picking up slowly", with manufacturers expecting the sector to grow by 2.7% in July and 3.8% in August.
Industrial output in Japan fell by 2.1% in June, the second monthly drop in a row, due to a dip in the sector which produces machines for general purposes, according to a preliminary report by the Ministry of Economy, Trade and Industry. Analysts are still uncertain about the economic impact of the recent torrential rain. The ministry said a short-term fall would not be an issue, and reiterated its position that Japan's industrial output was "picking up slowly", with manufacturers expecting the sector to grow by 2.7% in July and 3.8% in August.