In December, the factory output of Bloomberg- Japan fell, reflecting the impact of the global economic slowdown and weakening demand from China.
More Americans are living paycheck to paycheck because they are not even on $100,000 -- Plus, they are not even on $100,000.
The industry ministry said industrial production fell by 0.1% from November, led by boilers and precision measuring equipment. Economists had predicted a 1% decline. Output fell 2.8% from a year ago, less than analysts estimate of a 3.6% drop.
Production fell by 3.1% in the fourth quarter compared to the previous three months, suggesting a drag on the economy at the end of the year.
The Bank of Japan could use weakness as justification for its easing policy as a justification for the fact that the results were better than expected, as evidenced by the slight dip in the economy.
The global economic slowdown, especially in the US and Europe, is due to continued aggressive policy tightening. International financial organizations have warned of the danger of a deceleration, with the International Monetary Fund s director predicting that one-third of the world economy will enter a recession this year.
There is concern about a slowdown in China demand. Exports to China fell for the first time in seven months after the country ended its zero-Covid policy last month resulted in a resurgence of the disease and disruptions.
The tepid production in the final month of the last quarter weighs on the expected rebound in gross domestic product at the end of the year. The country's GDP fell into reverse in the July-September period due to the depreciation of the yen.
We expect job market conditions to be mixed in January, depending on industry. Restaurants and hotels should benefit from a return of foreign tourists and government subsidies for travel, as well as renewed government subsidies for travel. The manufacturers are likely to limit hiring due to weaker external demand. Retail sales increased by 1.1% from a month ago, according to a separate industry ministry report. Consumption remained relatively firm despite inflation hitting a 40 year high.
The job market maintained the same tightness in December as the previous month, with the jobless rate at 2.5% and the job-to- applicants ratio at 1.35, according to separate data from the labor ministry. There were 135 jobs offered for every 100 applicants, unchanged from a month earlier in the day.
The Software is the secret to EV Success.