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Japanese Industry Lagging Behind

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An index which measures the change in industry activity in Japan revealed this morning that the island nation may be experiencing a tough economic downturn. The Tertiary Industry Activity Index, released by the Ministry of Economy, Trade and Industry (METI), reported a 0.1% decline this month, down from last month's 1.8% growth.

Expectations were for a rise of approximately 0.3%, suggesting the ministry was anticipating a sluggish growth period. The contraction, though, seems to have put some pressure on the already-burdened industrial sector of the global economy. How this will factor into today's JPY trading is already being decided, with sizeable moves in a bearish direction.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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