Japan’s factory output edges up despite Middle East headwinds
Output gained 0.1% in July from the previous month, the industry ministry has reported.
Japan's industrial output continued to grow for a fourth consecutive month in July, defying challenges posed by the ongoing conflict in the Middle East, according to data released by the industry ministry on Monday. The economy expanded by 0.1% compared to June, surpassing analysts' expectations of a 0.7% contraction. This growth marked a notable improvement, with industrial output rising 4.1% year-on-year, outpacing forecasts of a 3.3% increase.
Despite rising operational costs due to supply-chain disruptions caused by the war in Iran, the impact has been somewhat mitigated by the weakened yen, which has benefited Japanese exporters. The manufacturing sector has consistently shown an upward trend throughout the year, with no decline reported in any month. The resilience demonstrated by Japanese manufacturers in the face of geopolitical tensions highlights their robust capacity to adapt to external shocks and maintain steady production levels.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
