Rubber Goods Production and Shipments Remain Sluggish in May

Production and shipments of rubber goods in Japan remain in low gear. According to Japan’s Ministry of Economy, Trade and Industry, the shipment value of rubber goods in May 2016 decreased by 4.6 percent year on year to 164.5 billion yen ($1.57 billion), the 11th consecutive month of year-on-year decline. Production and shipments of major rubber goods such as tires,…