Japan Industry


Japan: Industrial production drops sharply in March

April 28, 2011

On 28 April, the Ministry of Economy, Trade and Industry released the long-awaited outturn for March industrial production, which provides a first view of the impact of power shortages and supply chain disruptions on the manufacturing sector. In March, industrial production plummeted a seasonally adjusted 15.3% over the previous month, which represents the largest monthly decline on record. The decline was worse than expected, with market analysts expecting a more moderate 10.6% contraction. Compared to March last year, industrial production dropped 12.9% (market expectations: -8.5% year-on-year). The monthly decline was broad-based as power cuts and the lack of supplies disrupted production well beyond the devastated area. The worst results were registered in transportation equipment (-46.4% month-on-month) and machinery industry (-21.8% mom). The quake hit the Japanese industry at a moment of resilient growth, with annual average growth at 13.1% in February. The disruptions in the second half of March brought down annual average growth to 9.1% in March. According to the Survey of Production Forecast (changes in planned production on a month-on-month basis) from the same Ministry released on 28 April, manufacturers expect industrial output to rise in the coming months, expanding 3.9% over the previous month in April (previously expected -1.0% mom) and 2.7% in May.


Sample Report

Looking for forecasts related to Industry in Japan? Download a sample report now.


Japan Economic News

  • Japan: Machinery orders decline in May

    July 11, 2018

    Although core machinery orders—a leading indicator of capital spending over a three- to six-month period—contracted in May, the fall was weaker-than-expected, suggesting that capital expenditure will gain steam further down the road.

    Read more

  • Japan: Business confidence weakens in Q2

    July 2, 2018

    According to the Bank of Japan’s quarterly Tankan business survey, sentiment among large manufacturers fell in the second quarter of 2018, suggesting economic momentum has yet to gain traction following a weak first quarter.

    Read more

  • Japan: Consumer confidence declines marginally in June

    June 29, 2018

    Consumer sentiment inched down to 43.7 in June from 43.8 in May, coming in just below market expectations of a stable print.

    Read more

  • Japan: Industrial production falls in May

    June 29, 2018

    Industrial production contracted 0.2% on a month-on-month and seasonally-adjusted basis in May, contrasting April’s revised 0.5% increase (previously reported: +0.3% month-on-month).

    Read more

  • Japan: Core inflation stable in May

    June 22, 2018

    The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in May, reversing April’s 0.1% fall. Core inflation was steady at 0.7% in May, unchanged from April and in line with market expectations.

    Read more

More news

Search form