Wed, 29 Feb 2012 09:29:07 GMT
Housing starts fell by 1.1% in Japan in January
Japan's housing starts tumbled by 1.1% on an annual basis in January, indicating fall for the fifth consecutive month. Experts attributed the decline to global economic turmoil and slow increase in disposable income. However, the decrease was less remarkable than a 7.5% fall in December. Moreover, orders of 50 largest construction companies increased by 24.6% last month.