, Japan

Japan's recovery "stalled' as September IP sinks: BBVA

Biggest monthly decline since 2011 earthquake.

Japan has released official data showing that industrial production for September suffered a sharper-than-expected decline of -4.1% m/m sa (consensus: -3.1% m/m), the biggest monthly decline since last year’s earthquake, when IP fell by -16.2%.

"The industrial production data, together with worse-than-expected September exports and inflation released earlier this month, reaffirm that Japan’s economic recovery has stalled due to a combination of the global downturn, the strong yen, and the recent territorial dispute with China – Japan’s biggest export market. Looking ahead, we expect Japan’s economy to contract in the second half year. Our current growth forecasts for Japan are 2.2% and 1.2%, respectively in 2012 and 2013," said BBVA.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!