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Japan: Industrial production posts largest drop(15.3%)
Asahi Shimbun ^ | 04/29/11

Posted on 04/29/2011 7:13:06 AM PDT by TigerLikesRooster

Industrial production posts largest drop


Japan's industrial production plunged by a record 15.3 percent in March as the Great East Japan Earthquake slashed output at automakers and other manufacturers.

The index of industrial production fell to 82.9 for the first decline in five months, according to a preliminary report released April 28.

The industry ministry downgraded its assessment of industrial production for the first time since September 2010, although it said production is expected to recover.

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TOPICS: Business/Economy; Foreign Affairs; Japan; News/Current Events
KEYWORDS: economy; production; quake

1 posted on 04/29/2011 7:13:07 AM PDT by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...


2 posted on 04/29/2011 7:13:44 AM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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