| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

Asia Economy Last Updated: Jan 31, 2014 - 6:58 AM


Japan's consumer prices up in 2013 - - first time in 5 years; Jobs/ industrial production improves
By Finfacts Team
Jan 31, 2014 - 6:53 AM

Email this article
 Printer friendly page

Japan's consumer prices rose 0.4% in 2013 from a year earlier for the first increase in 5 years, due mainly to a rise in energy prices, the government said Friday, signalling that the aggressive monetary policies of the Bank of Japan to beat prolonged deflation, are providing some evidence of positive results. There was also positive news on jobs and industrial production.

The closely tracked core consumer price index, which excludes volatile fresh-food costs, climbed 1.3% in December from a year earlier - - in the seventh straight month of rises. For all of 2013, the index was up 0.4%, the first annual rise in five years.

The Bank of Japan has targeted a 2.0% inflation rate as the level required to overcome deflationary pressures.

The employment situation also improved, as the nation's jobless rate dropped to an average 4.0% in 2013 from the previous year's 4.3%, marking a third straight year of decline, while the country's job availability improved for the fourth straight year.

The ratio of available jobs to applicants also rose to 1.03, meaning 103 jobs were on offer for every 100 job seekers. That's the first time that there has been a surplus of available jobs since October of 2007.

The official unemployment rate understates the true jobless situation.

Data on Japan's industrial production shows an expansion of 1.1% in December from the previous month for the first rise in two months, bolstered partly by production of industrial robots. For the 12 months through December, the index shed 0.8% from the previous year.

Meanwhile, manufacturing PMI data for January, shows that business conditions at Japanese manufacturers improved at the sharpest pace in nearly eight years in January. Record highs in the growth of production and quantity of purchases reflected the sharp expansions seen in new orders over the past few months.

The headline seasonally adjusted Markit/JMMA purchasing managers’ index (PMI) - - a composite indicator designed to provide a single-figure snapshot of the performance of the manufacturing economy  - - posted at 56.6 in January, up from 55.2 in December. This was the highest reading posted by the PMI since February 2006, signalling a sharp improvement in operating conditions in the Japanese manufacturing sector.

Markit says output expanded at the sharpest pace in over 12 years of data collection in January, building on the sharp expansions registered in the final quarter of 2013. This was the eleventh successive month of expansion in production. Some respondents attributed the latest increase to fuller order books, in turn a result of demand being brought forward ahead of April’s sales tax rise.

New orders at Japanese manufacturers also rose for the eleventh consecutive month in January and at the sharpest pace since February 2006. In contrast, the latest data indicated that the recent growth momentum registered in new export orders was lost in January, as the pace of expansion eased to the weakest in the current five-month sequence of growth.

Quantity of purchases expanded for the eleventh successive month in January, and at a record pace. Anecdotal evidence suggested that increased volumes of orders had contributed to the latest rise in purchasing activity.

Check out our subscription service, Finfacts Premium , at a low annual charge of €25

Related Articles
Related Articles


© Copyright 2011 by Finfacts.com

Top of Page

Asia Economy
Latest Headlines
IMF defers renminbi reserve decision; Devaluations losing firepower
Japan's trade deficit widens and GDP falls despite 33% yen devaluation
China's exports slide in July; Fx reserves dip $42.5bn in month
Chinese manufacturing PMI falls for 5th straight month in July; Japan at 5-month high
China's overseas investments to surge; Ireland got €99m of €46bn invested in EU in 2000-2014
China to overtake US economy in 2026; Income per capita will be 50% of US in 2050
Manufacturing activity in China and Japan contracted in June
China's manufacturing contracted for third straight month in May; Japan in slight rise
Asia accounts for 40% of global output, two-thirds of global growth
China's exports unexpectedly fell in April 2015 after March dip
China's growth in 2015 at slowest since early 2009
China's 2015 foreign trade continues to slide
Singapore remains world’s top location for business on 50th anniversary of independence
China's manufacturing activity fell to a 11-month low in March
China in surprise rate cut to boost sagging economy
Chinese Lunar New Year: Year of the Wood Goat begins this week
China’s manufacturing shrunk in January; Regional rise except Indonesia
Profits of Chinese industrial businesses plunged in 2014
China's growth in 2014 fell to a 24-year low
Services activity in China, Japan and India in moderate rises in December
China’s manufacturing industry remains competitive despite rising wages
China revises 2013 GDP up 3.4% to 56.5% of US economy size
China's manufacturing contracts in December; Japan's grows
China's imports slide in November; Emerging markets slow
Manufacturing PMI stalled in China in November; Fell in Korea, Indonesia , grew in India
China's manufacturing output contracted in November; Japan's accelerated
Ireland not among top 67 destinations for Chinese outbound FDI in 2014
Japan fell into recession in third quarter of 2014
Services slowed in China, contracted in Japan and stagnated in India in October
Manufacturing in South Korea/ Indonesia contracted in October; India in slight rise
Two Chinese manufacturing reports show trading near stagnation levels
Bank of Japan raises money printing target; Spending and wages plunge
China's manufacturing stagnates, Japan in moderate growth
China’s economy in third quarter grew at slowest pace in five years
Chinese exports jump in September; "Sadness will return soon"
World Bank cuts growth forecasts for developing East Asia including China
Japanese business confidence slightly improves; Manufacturing sector weak
Developing Asia remains fastest-growing region in world in 2014
Chinese manufacturing PMI rose slightly in September
Japan reports 26th straight monthly trade deficit; Public debt tops ¥1,000tn