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Japan's industrial output hit record high in August
Published in Saudi Press Agency on 28 - 09 - 2007


Japan's industrial output marked a record high in
August in seasonally adjusted terms, while unemployment rose for the
first time in 11 months to 3.8 per cent, DPA QUOTED the government sources as saying Friday.
The industrial output figure rose 3.4 per cent in August from a
month earlier due to the increase in automobile output after a forced
halt in production due to the July earthquake in northern Japan.
The index of output at mines and factories stood at 111.8 against
100 for the base year of 2000, the Ministry of Economy, Trade and
Industry said in a preliminary report.
The ministry revised upward its assessment that Japan's industrial
production trend is rising moderately.
The ministry expected production by manufacturers to fall 0.8 per
cent in September but to rise 4.1 per cent in October.
Meanwhile, the jobless rate rose for the first time in 11 months
to 3.8 per cent in August in seasonally adjusted terms, up 0.2 per
cent from a month earlier.
Although the figure came out higher than the average market
expectation of 3.6 per cent, the assessment was left unchanged by the
Internal Affairs and Communications Ministry.
Some 2.49 million people were unemployed in August, down 230,000
from a year before.
For every 100 job seekers, there were 106 jobs available in
August, according to a labour ministry report.
Meanwhile, Japan's average monthly household spending rose 1.6 per
cent in real terms in August from a year before, the internal affairs
ministry said.
The August figure came to 296,035 yen (2,562 dollars) due mainly
to an 11.3-per-cent growth in cultural and entertainment spending.
Wage-earning household income fell 1.5 per cent in August to
467,786 yen.
Household spending data is a key indicator of personal spending,
which accounts for about 55 per cent of Japan's gross domestic
product.
The government reports also said Japan's consumer price index
(CPI) fell 0.1 per cent in August from a year earlier.
The core nationwide CPI, excluding fresh food, stood at 100.2
compared to 100 in 2005.
The figure including perishables slipped 0.2 per cent from a year
earlier to 100.6 in August.


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