Japonský priemysel v septembri oslabil

Japonská priemyselná výroba v septembri oslabila, pričom išlo už o štvrtý mesiac jej poklesu. Podľa údajov zverejnených v piatok sa produkcia japonského priemyslu minulý mesiac oslabila o 1,9 %. Ide o väčší pokles, ako očakávali analytici oslovení agentúrou Reuters, ktorí predpovedali, že sa zmenší o 0,6 %. Priemyselní výrobcovia, ktorých vo svojom prieskume oslovil ministerstvo hospodárstva, obchodu a priemyslu, predpokladajú, že za október priemysel krajiny vykáže pokles o 3,6 %, ale v novembri o 1,7 % posilní.

"Ide o dosť slabý údaj. Pri posudzovaní na základe týchto údajov to vyzerá, že hospodárstvo už vstupuje do etapy poklesu," povedal o septembrovej priemyselnej výrobe Takeši Minami, ekonóm Norinchukin Research Institute. "Väčšia časť tohto oslabenia by sa mohla vysvetliť ukončením vládnych stimulov na predaj ekologických automobilov. Ale to nemení fakt, že výroba je slabá. Centrálna banka pravdepodobne bude musieť v záujme podpory ekonomiky urobiť viac," dodal.

Japan Sept factory output slumps, deflation continues

Japanese factory output fell for

the fourth straight month in September, the longest streak of

declines in more than a year, adding to signs the economy is

losing momentum as slowing export growth and a strong yen bite.

Core consumer prices also marked their 19th straight month of

annual declines in September and household spending fell from

August, underscoring how sluggish consumption was keeping Japan

mired in grinding deflation.

Industrial production fell 1.9 percent in September, data

showed on Friday, more than a median market forecast of a 0.6

percent drop. That led the government to cut its assessment on

output to say it is on a weakening trend.

Manufacturers surveyed by the Ministry of Economy, Trade and

Industry expect output to fall 3.6 percent in October but bounce

up 1.7 percent in November.

"It's quite a weak number. Judging from this data, the

economy is already entering a downturn. This shows the economy

won't perform as good as the Bank of Japan predicted yesterday,"

said Takeshi Minami, chief economist at Norinchukin Research

Institute.

"Most of the weakness could be explained by the expiration of

government incentives for low-emission cars. But that doesn't

change the fact factory output is weak. The Bank of Japan may

need to do more to support the economy."

Japan's economy bounced back last year from its worst slump

since the World War Two on the back of global recovery, but it

has been losing steam in the past months, weighed down by a

rising yen, softening global growth and weak spending at home.

The government cut its assessment of the economy in October,

saying growth was stalling.

The Bank of Japan was somewhat more upbeat in its long-term

outlook report issued on Thursday, sticking to its forecast that

the economy will return to a moderate recovery path after a

period of weakness. But it predicted a very slow exit from

deflation in the coming years.

Analysts expect no significant upturn at least until early

next year as the expiration of government subsidies for low

emission cars is set to hit factory output.

The government is proposing an extra budget that offers help

to job seekers and promotes subsidies for green technology, but

economists have largely dismissed the chance this will provide an

immediate boost to growth.

Core consumer prices fell 1.1 percent in September from a

year earlier, roughly in line with a median forecast for a 1.0

percent decline and previous month's 1.0 percent drop.

The so-called core-core inflation index, which excludes food

and energy prices and is similar to the core index used in the

United States, slid 1.5 percent in September from a year earlier.

(Additional reporting by Kaori Kaneko; Writing by Leika Kihara;

Editing by Tomasz Janowski)

* Sept output down 1.9 pct vs forecast 0.6 pct drop

* Manufacturers expect to trim output in October - govt

* Core consumer prices mark 19th straight annual declines