Monday 16 January 2006

Positive signs for Japanese economy

The news flow on Japan's economy has often been mixed. Not today's. From AFP/CNA:

The surplus in the current account, the broadest measure of trade in goods and services, rose 15.1 percent [in November] from a year earlier to 1.42 trillion yen (12.5 billion dollars), the finance ministry said.

The trade surplus alone edged up 0.3 percent year-on-year to 703.6 billion yen. Imports rose 16.5 percent to 4.91 trillion yen while exports were up 14.2 percent to 5.62 trillion yen...

The government also revised upwards its estimates for industrial production to show a gain of 1.5 percent in November from October...bigger than the 1.4 percent rise reported in an initial estimate last month and an improvement on October's 0.6 percent gain.

Year-on-year, industrial output growth was revised upwards to 3.4 percent in November from 3.3 percent.

The industrial output index hit a record high in November, reaching 103.6 and surpassing a previous all-time peak of 103.4 struck in May 1991...

The wholesale goods price index in December rose 2.2 percent from November, the 22nd straight monthly gain and at the fastest pace since 1990, the Bank of Japan said. Month-on-month the index rose 0.2 percent in December.

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