Japanese Industrial expands

Japanese industrial production rose for the first time in six months in November, largely thanks to government assistance programmes.

Factory output was 1% up on October, with much of the lift coming from an increase in car production.

That has been underpinned by an official programme providing incentives to buyers of hybrid cars, such as Toyota’s Prius.

Output of various electronics and machinery parts also lifted production.

The Ministry of Economy, Trade and Industry, which released the figures, said it expected factory production to continue rising – by 3.4% in December and 3.7% in January.

BBC News

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell