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Japan White Goods Shipments Up

Japan White Goods Shipments UpJapan White Goods Shipments Up

White goods shipments in Japan in June rose 5.9% from a year before to ¥265.4 billion ($2.1 billion), up for the second straight month, an industry group said Tuesday, Jiji reported. It is not a return to form. The increase is partly because of a slump in the same month last year following a hike in consumption tax from 5% to 8% in April. And since the latest figure is lower than the level of June 2013, the results cannot be viewed positively, said an official of the Japan Electrical Manufacturers’ Association. Shipments of refrigerators remained strong, up 9% in June to ¥48.9 billion, as well as washing machines, up 12.6% to ¥27.6 billion. Rice cookers jumped 63.4% in the month to ¥11.2 billion. Meanwhile, air-conditioners, which make up the largest proportion, declined 0.7% to ¥118.3 billion. Unseasonably cool weather was blamed. White goods are large electrical appliances used domestically.

 

Financialtribune.com