5 months Japan May factory output tops expectation, but trade risks linger MB |Biz
By Associated Press Japan’s industrial output rose for a second straight month in May, offering a much-needed sign that growth is holding up despite worries the world’s third-largest economy remains severely pressured by slower domestic and external demand. Smoke rises from a factory during sunset at Keihin industrial zone in Kawasaki, Japan, (REUTERS/Toru Hanai/MANILA BULLETIN) Trade ministry data on Friday showed factory output rose 2.3% in May from the previous month, compared with a median market forecast of 0.7%. April saw a 0.6% rise. Output rose at the fastest month-on-month pace since February 2018, the data showed. It was pushed ... more