17 Mar 2015
Japan's index for the utilization rate highest in a year - Nikkei
FXStreet (Bali) - The Nikkei is reporting that Japan's index for the utilization rate of production facilities soared to the highest level in a year in January, owing to a recovery in exports, allowing an increase in the production of machinery and electronic goods.
Key Quotes - Nikkei
"The monthly index, compiled by the Ministry of Economy, Trade and Industry taking the 2010 average as the baseline, rose 3.6% between December and January to 105.5. Total utilization in 2010 averaged 76.7%, which means the figure for January came to about 81%."
"The utilization index for makers of general-purpose, production and business-oriented machinery gained 6.5% in January to 131.8, recovering to about the same level as in July 2008 before the financial crisis. Figures compiled by the Cabinet Office show machinery orders from abroad rose 17.9% in 2014, boosting production at these businesses."
"The index for electronic parts and devices jumped 6.6%, reaching the same level as in March 2008. Exports to the rest of Asia, where smartphone production is booming, have been strong. Nonferrous-metals and fabricated-metals makers also are operating around the same rate as before the 2008 financial crisis."
Key Quotes - Nikkei
"The monthly index, compiled by the Ministry of Economy, Trade and Industry taking the 2010 average as the baseline, rose 3.6% between December and January to 105.5. Total utilization in 2010 averaged 76.7%, which means the figure for January came to about 81%."
"The utilization index for makers of general-purpose, production and business-oriented machinery gained 6.5% in January to 131.8, recovering to about the same level as in July 2008 before the financial crisis. Figures compiled by the Cabinet Office show machinery orders from abroad rose 17.9% in 2014, boosting production at these businesses."
"The index for electronic parts and devices jumped 6.6%, reaching the same level as in March 2008. Exports to the rest of Asia, where smartphone production is booming, have been strong. Nonferrous-metals and fabricated-metals makers also are operating around the same rate as before the 2008 financial crisis."