Japan's factories ramped up output for a third straight month in August, as the manufacturing sector showed resilience amid high material costs and worries about a global economic slowdown.
Policymakers in the world's third-largest economy are concerned about recession risks in the United States and other major trading partners, which would make Japan increasingly reliant on domestic consumption for growth.
"Manufacturers’ production activity was firm and production was on an upward trend, as far as for the August data," said Koya Miyamae, senior economist at SMBC Nikko Securities.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Indy man sentenced to more than 19 years for pair of August 2020 armed robberiesAn Indy man was sentenced to more than 19 years in federal prison this week after being found guilty of a pair of armed robberies in August 2020 in which he lured victims on Facebook Marketplace and OfferUp.
Les mer »
Treasury Yields Fall to Start August on Signs That Inflation May Be CoolingU.S. Treasury yields rose on Monday to begin August as investors continue to assess the prospects for an economic recession.
Les mer »
US consumer confidence rises more than expected in September, defying recession fearsU.S. consumer confidence rose more than expected this month, extending a rebound in sentiment that began with a jump in August. Read more:
Les mer »
Warriors land in Japan ahead of NBA preseason gamesFirst, it was BTS' Suga. Now, it's NCT 127's Yuta welcoming Golden State to Japan. The team is tipping off their preseason with two games against the Washington Wizards starting Friday.
Les mer »