Tuesday, July 17, 2007

Upping the Pressure on the BOJ

Well today's economic news continues to pile on the pressure over at the BoJ:Demand for services in Japan unexpectedly fell in May, suggesting waning consumer spending is slowing growth in the world's second-largest economy. The tertiary index, a gauge of money spent on phone calls, dining and shopping, dropped 0.1 percent after climbing a revised 1.6 percent in April, the Trade Ministry said

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