Japan Industrial Output Unexpectedly Drops as Tax Hike Looms

Japan's industrial production fell in February, undershooting all forecasts by economists surveyed by Bloomberg News, as the first sales-tax increase since 1997 risks stalling recovery in the world's third-biggest economy. Output fell 2.3 percent from the previous month, the steepest drop in eight months, the trade ministry said in Tokyo today. "Companies are already cutting production and ...



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