Overall business conditions among Japanese manufacturers deteriorated for the fifth consecutive month in March amid sustained reductions in both output and new orders. That said, both segments saw the softest contractions since last October. Firms commonly associated the declines to weak demand in both domestic and international markets, however manufacturers often noted that production lines were maintained by creating inventory and stocking finished items. As a result, holdings of post-production stocks rose at their steepest pace since February 2009. At the same time, Japanese manufacturing firms continued to note ... (full story)
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verall business conditions among Japanese manufacturers deteriorated for the fifth consecutive month in March amid sustained reductions in both output and new orders. That said, both segments saw the softest contractions since last October. Firms commonly associated the declines to weak demand in both domestic and international markets, however manufacturers often noted that production lines were maintained by creating inventory and stocking finished items. As a result, holdings of post-production stocks rose at their steepest pace since February 2009. At the same time, Japanese manufacturing firms continued to note