Friday, August 31, 2007

Japan July 2007 Industrial Output

Numbers released today by the Ministry of Trade, Economy and Industry showed a fall in industrial production in July, a development which will provide further encouragement for BoJ bearishness on interest rates. Industrial output fell a seasonally adjusted 0.4 per cent from June.In this case it doesn't so much seem to be the weather which is being given the reponsibility, but rather the

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