Output pace slows down in Japan

Japan’s industrial output rose 0.2 per cent in April, increasing for the second straight month, as exports hold up and government subsidies support demand for low-emission cars, official data showed yesterday. The rise was smaller than a median market forecast of a 0.5 per cent increase, figures from the Ministry of Economy, Trade and Industry revealed. Manufacturers surveyed by the ministry expect output to fall 3.2 per cent in May and increase 2.4 per cent in June, the data showed.