Japan's industrial output rises 1.9% in July
Japan

Japan's industrial output registered an increase of 1.9 per cent for the fifth straight month in a row; indicating country's recovery from world's worst recession since Second World War.

However, industrial output was still down 22.9 per cent as compared with the same period last year.

Japan's currency and stocks also recorded a rise after the Democratic triumph.

Many economists believe that the pace of rise is expected to further accelerate to 2.4 per cent in August and 3.2 per cent in September, proving companies' increased confidence in the Japan's promising revival.

The Ministry of Economy, Trade and Industry informed that Japan's economy "continues to show an upward movement."

Japan, which depends heavily on exports, plunged into recession in the second quarter of 2008 and recorded a rise in industrial output for the first time in the quarter ended June 30.

But, still the rate of unemployment stood at highest at 5.7 per cent in July.

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