March 30 (Bloomberg) -- Japan’s industrial production retreated in February, snapping an 11-month winning streak that helped to secure a recovery from the country’s worst postwar recession.
Factoryoutput declined 0.9 percent from January, when it rose 2.7 percent, the most in eight months, the Trade Ministry said today in Tokyo. The median estimate of 24 economists surveyed by Bloomberg News was for a 0.5 percent drop.
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Comment: After trillions spent in useless stimulus packages, nothing has been gained other than a Japanese state that is so much in debt that a recovery has become almost impossible. Watch out, in the US and Europe we are on the same path.
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