Japan's Industrial Output Posts Biggest-Ever Fall

[interestrateripoff]

http://www.bbc.co.uk/news/13218449

Japan's industrial output fell by record levels in March as disruptions in the supply chain continued to hit production.

Factory output fell by 15.3%, the biggest ever decline in production in the country.

The previous record was an 8.6% fall in February 2009 in the wake of the global financial crisis.

Following the figures, the Bank of Japan left its interest rates unchanged in a bid to boost growth.

The bank has kept the cost of borrowing at a historic low of between zero to 0.1% as the country struggles to recover from the aftermath of the devastation caused by last month's earthquake and tsunami.

Rolling power cuts, disrupted supply chains etc.. if this keeps up for the rest of the year the Japanese GDP is going to take a big hit.

[Ruffneck]

Whereas Gordon said "it started in America" , Cameron will say "It started in Japan"