Industrial production in Japan is falling again
2022.11.24 23:57
Industrial production in Japan is falling again
Budrigannews.com – In October, Japan’s output fell for the second month in a row, and retail trade may grow faster from May 2021, highlighting the uneven recovery after the coronavirus. Due to the fact that Prime Minister Fumio Kisidi, whose public support is declining, introduces new incentives to curb inflation, which leads to an increase in spending, a mixed combination of indicators indicates the difficulty of entering the sustainable path of the third world economy.
Analysts believe that the threat of a global crisis is becoming more threatening, undermining business sentiment, worsening the pain of rising living and business prices due to a too weak yen. According to the RIA Novosti survey, the data of the Ministry of Industry and Trade, which is expected to be published at 23:50 GMT on December 29, show that industrial production decreased by 1.5 compared to last month by 1.7, after it decreased by 1.7 last month. This was the second month with a decrease.
“While the production of machines is recovering in the world after supply disruptions, for example, a shortage of chips, concern about the unstable global economy is growing, and this has an impact on the consumption of electronic parts and devices sensitive to the economic outlook.” According to separate data published at 23:50 GMT (November 28), retail trade grew by 5.0 compared to last year, which is the fastest annual growth since May 2021.
This leads to the fact that there is a probability of recovery of private consumption, which accounts for less than half of the economic structure. Analysts say that the completion of the eighth wave of COVID has led to an increase in demand for various goods, including cars, which have increased compared to last years.
Other information, which should be published at 23:30 PM (November 28), most likely shows that the labor market continues to be tense, indicating that the current shortage of employees in a labor-intensive industry such as the service sector may worsen, which may lead to an increase in wages. Employment statistics probably show that unemployment fell from 2.6 September to 2.5 October.
The possibility of finding a job in October was 1.35, which is slightly more than 1.34 in the previous month. This indicates that each of the 13 applicants was given more than 10 places. According to the Ministry of Land Resources, published at 05:00 GMT on November 30, the introduction of housing may have decreased by 1.3% year-on-year in September, and the growth of 1 month earlier increased by 1.3%.
