Japan’s Industrial Production Rises 2.6% on Exports

Reporting for the first time on the blog, I decided to post on how Japan is doing recently.

The opening line of the article: "Japanese manufacturers increased output at the fastest pace in six months in November, supporting the nation’s recovery from its deepest postwar recession. "

While "weak domestic demand means that the Japanese economy is still highly vulnerable to external shocks," says Ryutaro Kono, chief economist at BNP Paribas in Tokyo, exports from Japan to the other countries in Asia are leading Japan to a srtonger economy, albeit slowly. Even so, Yasukazu Shimizu, a senior market economist at Mizuho Securities Co. in Tokyo says "The rebound in exports and the stimulus effects are the main reason behind the increase in production, and capital spending remains dull. We're still far off from a sustainable recovery in Japan."

Exports to the rest of Asia are helping to move Japan forward in recovering from their "deepest postwar recession", but there's still a lot of progress to be made. Apparently, the value of the yen has also been decreasing. It dropped from it's "14-year high of 84.83 on Nov. 27" to "91.45 per dollar at 8:58 a.m. in Tokyo".

...I had been under the impression that the value of the yen was increasing... Hm...

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-Annie Yang