Japan Economic Indicators Weak

Japan’s industrial output fell sharply in June, dealing a blow to a government trying to jump start the nation’s ailing economy.

Industrial output fell 3.3% in June when compared to May. The output was 4.8% below the June 2012 levels. At the same time, consumer household spending fell 0.4% in June when analysts had expected a climb of 1%. Continue reading

Japan’s Economy Shrinks Again

The plans of Japan’s government for a quick financial recovery took another blow yesterday when they announced the third straight quarter of economic contraction.

The economy shrank .1% in the fourth quarter of the year. Analysts had been predicting a small rise in the economy after dipping into recession after the third quarter. The drop has been attributed to a drop in key market exports. Continue reading