Japanese production drops in November

The Japanese Ministry of Economy, Trade and Industry has described industrial production as “flat”.

Industrial production in November was down by 4% year-on-year, while it fell by 2.6% from the previous month.

A consistently strong yen has contributed to weakened production levels which were also hit by the interruptions to the supply chain presented by the March earthquake and the severe flooding in Thailand, according to Japanese authorities.

Transport equipment was the worst affected industry, followed by information and communications electronics equipment and iron and steel works.

A sign that slowing global demand is also contributing to the fall in production is the growth of Japan’s inventories index, up 8% year-on-year.

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