Japan's industrial output up 1 percent in December


(MENAFN) Japan's industrial output gained 1 percent in December, suggesting the world's third-largest economy may have started to recover from recession brought by the consumption tax hike, Xinhua reported.

The index of output at factories and mines stood at 98.9 against the base of 100 in 2010, the Ministry of Economy, Trade and Industry said in a preliminary report, the Japanese government said.

In terms of sector, electronic components and devices manufacturers saw their production increase by 5.2 percent, bolstered by robust exports of parts for smartphones to emerging Asian economies.

In total, four sectors out of 15 saw their output decline. In the fourth quarter of 2014, industrial output gained 1.8 percent from the previous quarter, marking the first rise in three quarters.


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