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Thursday, 28 April 2011

Japanese production suffers record fall

April 28, 2011

Japanese factory output suffered a record decline in March as the devastating tsunami crippled supply chains across the world's third-largest economy.

The government said production plummeted 15.3 per cent in March from February, the biggest decline since records began in 1953, and worse than analysts had expected. Household spending dropped 8.5 per cent from a year earlier.


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