Japan Industrial Production Slumps And Outright Deflation Draws Nearer

Japan’s recession evidently deepened even further in November as industrial output fell at the fastest pace in 55 years. Production plunged 8.1 percent month on month from October (Trade Ministry data) and was down an enormous 16.2% year on year. For an economy which lives from the prowess of its industrial exports, this is simply earthquake.The decline in production was the largest since data