Tuesday, November 28, 2006

Consumption Decline in Japan

My friend Eddie Lee mailed me this morning about this news: Japan's retail sales unexpectedly fell for a second month, reducing the likelihood that consumer spending will accelerate and lead to an increase in the lowest interest rates among the world's seven biggest economies.Receipts at retailers fell a seasonally adjusted 0.2 percent in October from a month earlier amid warmer-than-usual

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