New signs of Japan's weakness

13 April 2012

JAPAN'S all-industries index, seen as a proxy for gross domestic product, fell 0.8% in February from January, the Ministry of Economy, Trade and Industry said today. One of its core components, the tertiary sector index, mainly covering the services industry, also fell 0.8%. The latest data underscores the fragility of the Japanese domestic economy at a time when export markets may also be shrinking.

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