Industrial Production Down in May
June 28, 2007
By Ken Worsley
Earlier this morning, Ministry of Economy, Trade and Industry announced that industrial production fell in May for the third month in a row, showing a 0.4% decline. Bloomberg’s survey of 48 economists had predicted a 0.9% rise.
According to Bloomberg:
The decline may dissuade Bank of Japan Governor Toshihiko Fukui and his policy-making colleagues from raising interest rates in July.
Then again, so might the elections in July.
Filed Under Business, Economic Reports
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