Japan’s August Manufacturing Reaches New Peak to 16 Points Over Past 3 Years

According to the Reuters, the manufacturing index of Japan this August touched the highest level over the past 3 years. With Japanese yens going weak, the textile, chemical, steel, and other metal exporters of Japan will see their profits growing.

The current report stated that the manufacturing index of Japan this August went up from 3 points to over 16, and the record is expected to reach 18. In this survey, 400 medium-to-large sized companies accepted the interviews and 276 of them had their responses. Car manufacturers and e-products companies hold a pessimistic attitude , however, there are more companies holding a optimistic attitude.

A short review released by Bank of Japan in July stated that the manufacturing index of Japan in Q2 2013 turned to be positive for the first time after 2 years of negatives. Some of the companies in Japan inspired by Prime Minister Abe’s economic policy are satisfied with the economic policies.