Friday, March 29, 2013

Japan output unexpectedly falls, weak yen benefits awaited





Japan’s factory output unexpectedly dipped in February on a drop in electronics production and consumer prices fell again, underscoring the challenge the central bank faces in engineering a sustained recovery and achieving its 2 per cent inflation target.


Exporters are hoping to see the benefits of a weaker yen, the product of the new government’s push for massive fiscal and monetary stimulus, in coming months, but they are also reliant on global demand improving for that upswing to happen.









via Business feed http://www.scmp.com/business/economy/article/1202518/japan-output-unexpectedly-falls-weak-yen-benefits-awaited

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