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The manufacturing sector in Japan has increased business activity for the first time in the last 3 months. According to Markit/Nikkei, in April, the purchasing managers index in the industrial sector of Japan rose to 50.2 points from 49.2 points in March, indicating an increase in activity. The decline in production last month was the lowest since January. In the manufacturing sector, there was also a slowdown in the reduction of new orders. Japanese companies increased operating expenses mainly due to higher costs for labor, fuel, metals and building materials. But their growth rate has been at a minimum since August 2017. In April, a weak rise in selling prices was also recorded. Japanese companies are showing improvements in business sentiment, expecting an increase in demand for their products in the next 12 months.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
KYC Policy