FT's Alphaville:
The FT reports that Japan’s industrial output bounced back 5.2 per cent in April compared with the previous month, a stronger rise than analysts expected and a boost to hopes. What’s more, with government stimulus spending starting to support demand and manufacturers starting to reverse the drastic cuts to production imposed by a collapse of demand since late last year, the Ministry of Economy, Trade and Industry said surveyed manufacturers expected their output to rise a further 8.8 percent in May and 2.7 percent in June.Good news? Absolutely. But keep this in perspective. Even with that jump, Industrial Production in Japan is down 31% from April of 2008.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheTO95GKSAWQzjKq1lUo90gXKFAl-YqOGo98G3rOkzorTKTOaepXR_BYE60Ldf6TpjfsCBxhiaqqFpOztRb3wMqKSF5H1q_VTrTn9dLqCXAP9bGf-ToYAz1g4Fwm9zDWGNMJHPURqj0Z8/s400/japout.png)
Source: Meti.Go
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