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© (c) Copyright Thomson Reuters 2019.Japan's factory output rebounds, but retail sales slow as trade war risks grow
By Stanley White TOKYO©2024 GPlusMedia Inc.
11 Comments
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Cricky
Industrial production rose 0.6% in April from the previous month, more than the median estimate for a 0.2% increase and following a 0.6% decline in March.
So it's at 0%? down 6% March up 6% April...isn't that a zero gain month on month? I'm not an economist so perhaps I'm wrong.
But the CPI continues to increase out pacing wage growth month on month that's something for the government to be proud of.
Aly Rustom
IF?? You mean when? and doesn't pick up is quite an understatement. If the gov does go ahead with the tax hike expect at least a recession, or at most a depression.
Ganbare Japan!
It's a shame this amazing news was hidden at bottom of the article by Reuters. 2.4% unemployment rate is quite simply amazing! The government's jobs creation is something to be proud of. But people will still criticize it.
kurisupisu
@Ganbare Japan!
Lots of temp or part time work about but who can live on 900 yen an hour when they can get it???
If things are so good in Japan then why aren’t the young having kids and getting married?
Unemployment figures of 2.4% mean nothing when the figures are being fiddled do they?
Yubaru
Another one fooled by the statistics put out by the government. A number of years ago Japan stopped reporting the unemployment statistics like just about every other developed nation and decided to create their own method of reporting.
Japan counts anyone who is working as being "employed" and that is BS on so many levels. If a person is only working 1 hour a week, they are counted as being employed and taken off the unemployment rolls.
Not to mention, the folks who are not even looking for work, as in given up, are not counted as unemployed either, and the UNDER-employed are counted the same as a full-time employee.
Japanese unemployment statistics are BS and have been for at least a generation now.
Yubaru
Watch, over the course of the next couple of months, as the inevitable gets closer, there will be a spike in the economy, due to people purchasing items prior to the consumption tax increase.
Watch the government blare out that the economy is getting better, and that it can "withstand" the increase.
Then watch as the bottom falls out again.
Whatsnext
Its only up because of Huawei. They are order chips as much as possible to stock up before the ban starts in July. After that production will drop.
JeffLee
@Yubaru
I have lived in other countries before that had real unemployment, ie, double-digit. And the awful, depressing situations there were nothing like the way things are now in Japan. Everyone here who wants a job and who can do a job has a job.
Andrew Crisp
Tell that to all the homeless people, there were plenty of them near Tennoji Station in Osaka, add in the under employed - the employment rate has to be a lot higher.
kurisupisu
Don’t know much ‘bout Tokyo but Nishi Nari/Tennoji have homeless all over the place.
I have met homeless people for many years in Kobe and know there are many of them living under the radar.
drlucifer
I guess it very satisfying having a job even if you are poorly paid and leaving hand-to-mouth.
Remember, the postal delivery guy who vanished with the postal van and post and was found in a parking lot a week later, he vanished because he used up the 10,000yen in his keeping for change for payment on delivery parcels.
Yea, this guy had a job.