Japan factory output logs sharpest rise in 56 yrs
Tokyo, July 30: Japan’s factories ramped up their production at the fastest pace in 56 years in the second quarter, data showed Thursday, boosting hopes the world’s number two economy has returned to positive growth.
Japanese industrial output plunged last year in the midst of a brutal global economic downturn, pushing Asia’s biggest economy into its worst recession since World War II, but analysts say the worst appears to be over.