Thursday, May 17, 2012

Asia : The Japanese government downgraded its assessment of industrial production for the first time in 19 months!! amid growing uncertainty over the strength of the global economy.

The downward revision comes as fears grow that the global economic recovery could be losing momentum. Japan’s economic growth is underpinned by exports, especically to emerging economies such as China, and any slowdown in external demand could make companies reluctant to boost production, raising the risk that the economy will stall.

The nation’s industrial output fell [...]



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