"Japanese industry suffered a record fall in output in November as unemployment continued to rise and household spending kept sliding, the latest set of gloomy figures from the world’s second-largest economy showed on Friday.
November’s 8.1 per cent month-on-month decline in industrial output, which followed a long series of bad news from Japanese government statisticians, was “particularly striking”, Kaoru Yosano, minister for economic and fiscal policy, told a news conference."
My Comments:The only forward looking message from this data seems to be extreme global competitive pressures and consequent price cutting. Not a good picture for corporate profits - something equities already account for.
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