Japan Electronic Materials Output Jumps by 16% in February

Japanese electronic materials output increased by 16% to 34.719 billion yen in February from a year earlier, representing increases for 3 months in a row, according to Japan Electronics and Information Technology Industries Association (JEITA). The output keeps firm when consumer spending is firm and output of automotive devices and digital appliances grows.The permanent magnet output increased by 9% to 8.044 billion yen in February from a year earlier. Especially output of rare earth magnet including neodymium ferroboron magnet increased by 15% to 5.956 billion yen. The demand expands for automobile, which uses more electronics devices, and small motor for parts of hard disc drive, of which demand grows for portable music player along with personal computer and digital versatile disc.