Quantcast

Japan's industrial output, prices fall in November

Published December 28, 2012 11:56 am
This is an archived article that was published on sltrib.com in 2012, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Tokyo • Government data show Japan's industrial output fell in November, and consumer prices continued to decline in the latest show of a dismal economy.

The Ministry of Economy, Trade and Industry reported Friday industrial production dropped 1.7 percent from the previous year.

Another ministry said the core consumer price index slipped 0.1 percent in November, compared to the same month last year, a sign Japan is still dogged by deflation, or prices spiraling downward.

The unemployment rate improved by 0.1 percent from the previous month to 4.1 percent last month.

Hopes are high that new Prime Minister Shinzo Abe's policies, centered on loose monetary policy and public spending will wrest the world's third largest economy out of the doldrums. Stocks are recovering and the yen has slipped, a boost for Japan.

USER COMMENTS
Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
comments powered by Disqus