fxs_header_sponsor_anchor

News

Japan's industrial production hits highest level since 2008

Japan’s industrial output rebounded in April, hitting the highest level since 2008, as overseas demand continued to support the nation’s economic recovery, Bloomberg reports.

Key Points:

Industrial production increased 4.0% (forecast +4.2%) in April from March, when it fell 1.9%

Industrial production index rose to 103.8 in April

Output is forecast to fall 2.5%in May and rise 1.8% in June

Key Takeaways:

A recovery in exports has helped drive Japan’s economy to five consecutive quarters of growth, the longest run in a decade. 

But there are risks to the outlook for global trade, including protectionism and geopolitics.

G7 finance chiefs agreed only to watered-down language about avoiding protectionism at their meeting in Italy.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.