Japan's Industrial Production Surges 3.4% to Record

Discussion in 'Forex Trading' started by ASusilovic, Sep 27, 2007.

  1. Japan's industrial production surged at the fastest pace in almost four years in August as exports rose and Toyota Motor Corp. and Honda Motor Co. resumed manufacturing after a July earthquake disrupted output.

    Production climbed a seasonally adjusted 3.4 percent from July, the Ministry of Economy, Trade and Industry said in Tokyo today.

    The gain in output, the fastest since September 2003, brought the production index to a record 111.8

    Japan's trade surplus almost quadrupled in August after exports surged 14.5 percent, the Finance Ministry said this week, beating economists' expectations for shipment growth to cool. Auto exports accounted for more than a fifth of the gain.

    Anybody recognizing surging trade surplus in Japan ? And by the way : COT showing commercials playing JPY from the long side...