Japan's Slower Industrial Production May Build Case for Stimulus Extension @ Forex Factory

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Japan's Slower Industrial Production May Build Case for Stimulus Extension

Japanese industrial production probably grew at the slowest pace in more than a year last quarter, adding pressure on the government to extend consumer incentives as export growth cools. Factory output rose 0.2 percent in June from May, according to the median estimate of 26 economists surveyed by Bloomberg News ahead of a Trade Ministry report to be released in Tokyo tomorrow. That would cap the smallest quarterly gain since production fell in the first three months of 2009. Following through with government plans to end subsidies for purchases of energy-efficient vehicles in September may deepen a manufacturing slowdown that is under way as growth weakens in Japan’s biggest... Full Story

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Submitted Jul 28, 2010 9:58pm

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