Japanese industrial production crashes most since 2011 tsunami
While we are sure this will not deter Japanese officialdom from declaring that QQE and NIRP is working and that the deflation-mindset is being beaten, the fact is that when February’s 6.2% collapse in Japanese industrial production is compared to the devastatingly poor plunge after March 2011’s quake, tsunami, and nuclear ‘event’, something has gone disastrously wrong in Japan.
Across every sub-sector, it was a total disaster..
shhh..dont tell anybody..
world growth this year will be 3.5% blah blah blah..