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Japanese Industry Expanding

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The Japanese Ministry of Economy, Trade and Industry (METI) published its monthly report on industry activity for the month of July this morning, highlighting solid growth. The report, which acts as a leading indicator of economic health, grew by 1.9%, month-on-month, and beating forecasts which were expecting only 1.1% growth.

Industrial activity comprises a large swath of what Japan produces each year. Its Tertiary Industry Activity report, therefore, offers an early glimpse of how well the Japanese economy is weathering the current financial storm. With industry growing in the face of rampant sluggishness worldwide, Japan is sure to see stability and growth in the months ahead.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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