
Japan's factory output fell 1.5 percent in August from the previous month, chiefly due to weaker domestic demand, official data showed Tuesday, suggesting that the April sales tax hike still affected consumer demand.
The drop followed a revised 0.4 percent expansion in July, the Ministry of Economy, Trade and Industry said.
Industrial output covers production of consumer goods including automobiles and computers, as well as that of production equipment such as cranes.
The ministry maintained its overall assessment of industrial production of the world's third-biggest economy, saying, "It has weakened." Looking ahead, manufacturers polled by the ministry expect production will increase 6.0 percent in September but drop 0.2 percent in October.
The government raised sales tax from five percent to eight percent in April, the first increase in 17 years.
Japan's Gross domestic product (GDP) contracted at an annualized 7.1 percent in the second quarter, the worst figure since the 2009 global financial crisis.
GMT 09:54 2018 Tuesday ,23 January
Davos-bound bosses very upbeat on world economyGMT 09:37 2018 Tuesday ,23 January
Former KPMG executives charged in accounting oversight scamGMT 22:49 2018 Sunday ,21 January
Brexit special trade agreement possibleGMT 22:46 2018 Saturday ,20 January
China economy rebounds in 2017 with 6.9% growthGMT 22:37 2018 Saturday ,20 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 19:58 2018 Saturday ,20 January
Watchmakers hope to make Chinese market tickGMT 19:54 2018 Saturday ,20 January
US shutdown unlikely to harm debt rating: FitchGMT 19:50 2018 Saturday ,20 January
EU's Moscovici slams Ireland, Netherlands as tax 'black holes'

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor