Promproizvodstvo in Japan took off at a maximum of 56 years of value. Analysts hitting it in April rose by 5.2%. But the rest statdannye were not so pleasant. Deflation continues, unemployment rising, the costs of population decline. However, this did not prevent Asian stock markets react to news joyous growth
Rumors about the restoration of the Japanese economy confirmed. Recently, it has increasingly lodged statistical signals growth. Now the good news surprised even experienced analysts.
As reported by Bloomberg, the volume of industrial production in Japan rose in April at 5.2% compared with March, which significantly exceeded the average forecast of analysts polled, who were expecting 3.3%. Japan's industrial production rose in March at 1.6% after declining by 9.4% in February.
Jump in output in April, had a record for 56 years, was caused by the recovery in export shipments - they increased by 1.9% compared to the previous month. Industrial output is increasing in Japan for the second month in succession.
Japanese companies forecast continued growth in manufacturing in May and June. But it is too early to celebrate victory. The level of production after a record decline in the first quarter is now at 31.2% below April 2008. Japan's GDP fell in the first quarter to 15.2%.
In addition, the army of unemployed continues to grow. According to official figures published on Friday, unemployment in April rose to 5% from 4.8% in March. This is the highest level since November 2003, and the number of unemployed in the country is now a quarter higher than a year ago. Household expenditures in April also fell again (by 1.3% from the previous year), and this figure was worse than forecast.
Also not pleased with, and price. However, unlike Russia, which is frustrating two-valued, inflation, Japan suffers from deflation. She became the first country to enter a period of price decline associated with the global recession. United States, Europe and China has so far managed to keep its economy on the verge of deflation.
Core consumer prices in Japan, the calculation does not include fresh food, fell in April compared to the same month in 2008 to 0.1% as in March. Posted ratio, which confirmed the country's economy to enter a dangerous period of deflation, coincided with the average forecast of economists.
In Tokyo in May, prices fell by 0.7%, which is the largest decline in 6 years. Bank of Japan predicts price declines in the next two financial years, including in this fingodu - at 1.5%. Last time, deflation in Japan lasted from 1999 to 2005.
So, against one, albeit much positive news about an unprecedented crisis in the growth promproizvodstva, played by several factors that could negate the entire benefit. These factors may adversely affect the pace of economic recovery of Japan in the future, as domestic demand will remain low.
Nevertheless, stock markets, tired of bad news, responded friendly take-off on the good news. Composite Stock Index in Asia Pacific MSCI Asia Pacific rose from the opening bid at 0.5%. Since the beginning of the week rose to 1.4%. Japanese Nikkei added 0.75%, Australia's S & P / ASX 200 - 1.65% Hong Kong Hang Seng - 0,46%.
"People are waiting for recovery, and on this background, the demand for raw materials, - said the representative of Paradice Investment Management Matt Riordan. - The situation becomes less terrifying. But further way would be obstacles, and always the risk of transition to a negative shock."
Asian stock indices are likely to grow as a result of this week for the fourth time in 5 weeks on expectations that the lowest point of recession has passed.
IFX.RU
Rumors about the restoration of the Japanese economy confirmed. Recently, it has increasingly lodged statistical signals growth. Now the good news surprised even experienced analysts.
As reported by Bloomberg, the volume of industrial production in Japan rose in April at 5.2% compared with March, which significantly exceeded the average forecast of analysts polled, who were expecting 3.3%. Japan's industrial production rose in March at 1.6% after declining by 9.4% in February.
Jump in output in April, had a record for 56 years, was caused by the recovery in export shipments - they increased by 1.9% compared to the previous month. Industrial output is increasing in Japan for the second month in succession.
Japanese companies forecast continued growth in manufacturing in May and June. But it is too early to celebrate victory. The level of production after a record decline in the first quarter is now at 31.2% below April 2008. Japan's GDP fell in the first quarter to 15.2%.
In addition, the army of unemployed continues to grow. According to official figures published on Friday, unemployment in April rose to 5% from 4.8% in March. This is the highest level since November 2003, and the number of unemployed in the country is now a quarter higher than a year ago. Household expenditures in April also fell again (by 1.3% from the previous year), and this figure was worse than forecast.
Also not pleased with, and price. However, unlike Russia, which is frustrating two-valued, inflation, Japan suffers from deflation. She became the first country to enter a period of price decline associated with the global recession. United States, Europe and China has so far managed to keep its economy on the verge of deflation.
Core consumer prices in Japan, the calculation does not include fresh food, fell in April compared to the same month in 2008 to 0.1% as in March. Posted ratio, which confirmed the country's economy to enter a dangerous period of deflation, coincided with the average forecast of economists.
In Tokyo in May, prices fell by 0.7%, which is the largest decline in 6 years. Bank of Japan predicts price declines in the next two financial years, including in this fingodu - at 1.5%. Last time, deflation in Japan lasted from 1999 to 2005.
So, against one, albeit much positive news about an unprecedented crisis in the growth promproizvodstva, played by several factors that could negate the entire benefit. These factors may adversely affect the pace of economic recovery of Japan in the future, as domestic demand will remain low.
Nevertheless, stock markets, tired of bad news, responded friendly take-off on the good news. Composite Stock Index in Asia Pacific MSCI Asia Pacific rose from the opening bid at 0.5%. Since the beginning of the week rose to 1.4%. Japanese Nikkei added 0.75%, Australia's S & P / ASX 200 - 1.65% Hong Kong Hang Seng - 0,46%.
"People are waiting for recovery, and on this background, the demand for raw materials, - said the representative of Paradice Investment Management Matt Riordan. - The situation becomes less terrifying. But further way would be obstacles, and always the risk of transition to a negative shock."
Asian stock indices are likely to grow as a result of this week for the fourth time in 5 weeks on expectations that the lowest point of recession has passed.
IFX.RU
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