Japan’s industrial output down 10%
The Japanese economy, which is the world’s second largest , is posting more and more negative economic numbers. The latest month industrial production data shows a 10% decline in a single month, year on year, which is the worst ever rate of de-growth in the last five decades or so, ever since data has been recorded. The steep decline in automobile and electronic item demand from US and other European countries has hit Japan very badly, and coming two three months are also expected to be very bad.