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Company Formation Japan

Industrial Production Rises 1.6% in Japan

Written by: Editor

industrial-production-raises-1.6%-in-japan.jpgThe industrial production increased by 1.6% in Japan in June compared to the last month, even though in May it registered a decrease of 3.6%. In this article, our company formation consultants in Japan further explain this increase.
 

Further details on the industrial production rise in Japan

 
The manufacturing industry in Japan proved a certain inconsistency when facing a continuously improving global economy. Our Japan company formation advisors can provide assistance when opening business entities in this field.
 
In May, the output decreased by 3.3%, after an increase of 4% in April which was the most significant in the last almost six years.
 
The exporters in Japan have registered a stronger demand from abroad, mainly from Asia, the United States and Europe. And this while the JPY increased in this month while the USD demand continued to fall.
 
The International Monetary Fund issued its analysis on the economy of Japan. It predicts that the third largest economy in the world represented by the Japanese economy will increase by 1.3% this year, even though in April it estimated a rise of only 1.2%.
 

Which were the most profitable industries in Japan this year?

 
The production in the transport industry in Japan registered an increase of 4.2% in June of this year, recovering from a 13% somersault in the previous month, since production of passenger cars and automobiles improved. Our company registration specialists in Japan can offer further information on this subject. 
 
The production of chemicals increased by 3.4% in June, also a recovery from a 2.2% decline in May of this year.
 
The biggest increase in the last two years was registered in the household spending in the country, building positive estimations for further growth in the future, as well.
 
The Japan June industrial output rise of 1.6% offers hope for entrepreneurs looking to open businesses in this country. For assistance regarding setting up a company in Japan, we kindly invite you to get in touch with our Japan company formation representatives.

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