The Japanese government is seeing some light at the end of the tunnel. The Industrial production figures for March 2009 shows a 1.6% growth compared to February.

The positive growth rate comes on the back of six months of continuous negative growth. The growth could be a function of the consistent measures taken by the government through lot of infrastructure spending and interest rate cuts.

The revival is primarily due to fast depletion of inventory and also due to small revival in export orders.  Most of the leading industries are indicating a reasonable revival in the growth over the next two months.

A government Survey of Manufacturers expect the overall industrial production to grow by a healthy 4.3% in April and again at 6.1% in May. If that happens, we can expect a decent economic revival across the globe.