Japan Industrial Output Rises 0.5% in May

Japan’s industrial output rose 0.5 percent on month in May, below expectations in a Reuters poll for a 0.9 percent rise but up from April’s 2.5 percent decline.

“The 0.5 percent gain is better than our expectations,” Junko Nishioka, chief economist at RBS Securities Japan said on CNBC Asia’s “Squawk Box”. “I think the Japanese economy is getting out of its economic contraction after the sales tax hike in April. I think it is quite fair to say that business activity will gain momentum from the second half of this year.”

Manufacturers see June output down 0.7 percent on month versus their previous forecast of a 2 percent decline, according to Japan’s Ministry of Economy, Trade and Industry. For July, manufacturers see output up 1.5 percent on month.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.