Japan’s Factory Production on the Rebound

Japan’s manufacturing output continues to struggle as it recovers from the earthquake and subsequent tsunami that obliterated large swaths of Japan’s coastal areas earlier this year. For the month of April overall production increased by one percent but compared to the same month one year ago, overall production output remains fourteen percent lower.

Yoshimasa Maruyama of Itochu Economic Research Institute added that given the speed of recovery, Japanese industrial output could return to normal levels faster than expected.

“If we continue at this pace I think we will return to pre-quake production levels by about August or September,” he said.

Source: BBC News

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