TOKYO :Japan's factory output shrank at the fastest pace in eight months in January as declining overseas demand took a heavy toll on key industries such as automakers and the semiconductor equipment sector.Factory output fell 4.6 per cent in January from a month earlier on a seasonally adjusted basis, govern
TOKYO :Japan's factory output shrank at the fastest pace in eight months in January as declining overseas demand took a heavy toll on key industries such as automakers and the semiconductor equipment sector.
It marked the fastest decrease since May 2022's 7.5 per cent fall, when China's COVID-19 lockdown disrupted Japanese manufacturers' supply chains. Semiconductor-making equipment was down 26.8 per cent as chip firms slowed their capital expenditure, while passenger cars fell 7.4 per cent due in part to component supply bottleneck caused by heavy snow across Japan, a Ministry of Economy, Trade and Industry official told reporters.
Manufacturers surveyed by METI expect output to rise 8.0 per cent in February and gain 0.7 per cent in March, the data also showed, although the official poll tends to report an optimistic outlook.
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