- Bonuses and Promotions
Japan’s economy continues to accumulate structural problems. According to the latest data, industrial production fell in February. Toyota Company put the most negative contribution, having stopped its production process.
According to report released on Thursday, industrial production fell by 6.2% against previous month. Experts expected a reduction near 6.0%.
These data signal that production became the weakest point that slowed economy at the beginning of this year, along with GDP that had fallen by 1.1% in Q4 2015.
However, it should be noted that this tendency could be temporary, and this fall would have been not so high if Toyota continued its production. Toyota has stopped its production between the 8th of February and the 13th of February because there were problems with parts due to explosion in Aichi Steel at the beginning of January.
According to survey, it is expect a growth of industrial production in March by 3.9% and by 5.3% in April.