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, tsusnami, and nuclear 'event', something has gone disastrously wrong in Japan.
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, tsusnami, and nuclear 'event', something has gone disastrously wrong in Japan.
Across every sub-sector, it was a total disaster...
Find the silver-lining in that - we dare you!
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