Tuesday, January 30, 2007

Japan Consumption Falls as Output Accelerates

Here's the latest bit of news from Japan:Japan's factory production rose to a record, while household spending fell, underscoring the central bank's concern that growth has bypassed consumers and left the economy dependent on exports to expand.Industrial production climbed a seasonally adjusted 0.7 percent in December, the trade ministry said in Tokyo today. Household spending declined for a 12th

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