JAPAN DATA: Monthly data from the Japan Electrical Manufacturers’
Association:
– June shipments of home electric appliances in the domestic market
fall 3.5% y/y to Y249.9 billion
– June shipments post the 1st fall in 2 months, after +3.3% in May
– Shipments of air conditioners, which account for the largest share in
overall shipments, fall 3.0% in June, 1st fall in 2 months, after +10.2%
in May.
– JEMA forecast shipments of home electric appliances to total Y2.059
trillion in fiscal 2012, down from Y2.205 trillion in fiscal 2011.