Fri, 29 Jun 2012 08:20:24 GMT
Japanese industrial output shank more than expected in May
Japan's industrial output declined more than expected in May, according to preliminary data. The industrial production of the country dropped by 3.1% on a seasonally adjusted basis in May compared to a 0.2% fall in April. Experts predicted industrial output to slide by 2.8% in May. Despite dismal data release, the Japanese Yen advanced against its US peer by 0.14%,