Archive for March, 2009
Japanese Prelim Industrial Production Declines Further Than Expected
Japanese Prelim Industrial Production Declines Further Than Expected
Japanese Preliminary Industrial Production Actual -9.4%, Expected -9.1%, Previous -10.2%
Release Explanation: This report is a preliminary leading indicator of an economy’s health. Industrial production measures the volume of items produced in Japan’s mining and manufacturing industries and tends to react quickly to the ups and downs in the […]
Dollar’s Status As Reserve Currency Coming Under Increasing Pressure
Dollar’s Status As Reserve Currency Coming Under Increasing Pressure
Nobel Prize-winning economist Joseph Stiglitz, the former World Bank chief economist, said on Thursday that the use of the dollar as a reserve currency was “contributing to the weakness of the global economy,” and that a reserve currency system based on IMF Special Drawing Rights (SDRs), instead […]
Japan: Another Sharp Drop in Industrial Production, but Signs of Stabilisation
Japan: Another Sharp Drop in Industrial Production, but Signs of Stabilisation
Industrial production as expected took another dive in February, declining 9.4% m/m (consensus: -9.1% m/m). This is the fifth month in a row with a major contraction in industrial production and overall industrial production has plunged by an astonishing 36% since September last year. However, […]