Japanese Economy Moving Industrial Output +3.2%posted by MR WAVETHEORY at 9/27/2007 05:19:00 PM
Carmakers are strong. Toyota and Honda, Japan's two largest automakers, stepped up output last month to make up for the July cutbacks. Honda's production rose 6.8 percent and Toyota's increased 3.3 percent. Nissan Motor Co. added an extra work day, helping to boost manufacturing 10.1 percent.
The US matters less. Bank of Japan board member Miyako Suda said yesterday that the U.S. housing recession ``will have a limited impact on exports'' and the world economy will keep expanding even if U.S. growth slows.