Japans manufacturing index on a 3 month high, PMI
The Dollar Business Bureau Japan has secured new orders, prompting a 3 month manufacturing high in May supported by stronger increases in output, a survey reported. This is a clear sign that its economy is gaining in momentum in the second quarter of 2017. Japan Manufacturing Purchasing Managers Index rose to 53.1 in May stronger than the readings 52.0 and 52.7 recorded in April. This was the highest level recorded since February the survey said. Improvement in operating conditions has been linked to accelerated rises in both manufacturing output and new orders. This has prompted Japanese companies to increase hiring since production increased for the tenth consecutive month. Companies are reported to have said, that growth was supported by a demand both domestically as well ...
Japans factory output grows, unemployment rate declines
The Dollar Business Bureau What indicates a marginal rebound in the Japanese economy, the country’s factory output grew at its fastest pace since June last year while the unemployment rate hit a two-decade low last month. A recovery in the Japanese factory output reflects overall positive sentiments among the exporters and economists, who view the latest rebound in global demands would give a boost to the country’s exports. However, consumer inflation remained unmoved and household consumption remained mild giving challenges to Bank of Japan in creating sustained price rises and steady wage growth. The overall February performance could prompt the BOJ to withdraw its massive stimulus in its next policy move. Industrial output grew 2.0% in February as compared to the previous month, quite in ...
Suzuki to export made in India motorcycle model Gixxer to Japan
The Dollar Business Bureau Two wheeler manufacturer Suzuki Motorcycle India Pvt Ltd (SMIPL) said on Wednesday that the company will export its made in India motorcycle Gixxer to Japan. This is for the first time that a motorcycle manufactured by SMIPL is being shipped to the Japanese market where its parent firm Suzuki Motor Corporation (SMC) is headquartered. SMIPL has already shipped the first consignment to the Japanese market. “The Gixxer model has already been exported to other countries such as Latin America and other surrounding countries. Exporting of ‘Made in India’ vehicles to Japanese market indicates the high benchmarks of quality established by the company and its increasing global role,” Satoshi Uchida, Managing Director, SMIPL said in a statement. The export of Gixxer to Japan ...
Japan's exports to decline again in March
Source: The Dollar Business Bureau The rising yen dents Japan's export performance, which is likely to fall again in March, said Moody’s in its weekly outlook. “Japanese exports are likely to fall again in March, illustrating the ill effects of the rising yen. The yen's prolonged appreciation will cause Japan to lose its export competitiveness, and overall profits to corporate Japan are set to fall,” said the credit rating agency, Moody’s. In February 2016, Japanese exports fell consecutively for four months, underlining the continuous weakness in the economy that declined in the last months of 2015. The exports fell 4% to 5703.4 billion yen in the month of February from 5940.8 billion yen than the previous year, greater than the market expectations of a ...
India becomes most promising investment destination for Japanese companies
Sai Nikesh D | The Dollar Business India is the top destination for future investments, followed by Indonesia and China, for the Japanese manufacturing sector, according to a recently concluded survey by the Japan Bank for International Cooperation (JBIC) conducted on 1,021 Japanese manufacturing companies last year. “For the first time since this survey began (in 1989), India with high expectation for its market expansion ranked 1st place. It received responses from a wide range of industries, including automobiles, chemicals and electrical equipment & electronics,” said the JBIC report. Compared to 213 companies in 2013, 229 Japanese companies voted in favour of India last year and said that India was the best destination for investments in the medium term ...
