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MTECHTIPS:-GLOBAL HAPPENINGS
Japan’s industrial production fell the most since last year’s earthquake and tsunami, bolstering the case for the Bank of Japan (8301) to add to monetary easing today to support an economy at risk of contraction. Output declined 4.1 % in September from the previous month, when it dropped 1.6 %Americans increased their spending in September at twice the rate that their income grew, a sign of confidence in the economy. Still, consumers made up the difference by saving less for a third consecutive month, a troubling trend. consumer spending increased 0.8 percent in September from August. That came after a 0.5 % gain in August and was the best showing since February. Personalincome rose 0.4 percent, an improvement from a 0.1 percent gain in August and the best gain since March. However, after adjusting for inflation and taxes, income was flat in September. That followed a 0.3 percent decline in August.
Japan’s industrial production fell the most since last year’s earthquake and tsunami, bolstering the case for the Bank of Japan (8301) to add to monetary easing today to support an economy at risk of contraction. Output declined 4.1 % in September from the previous month, when it dropped 1.6 %Americans increased their spending in September at twice the rate that their income grew, a sign of confidence in the economy. Still, consumers made up the difference by saving less for a third consecutive month, a troubling trend. consumer spending increased 0.8 percent in September from August. That came after a 0.5 % gain in August and was the best showing since February. Personalincome rose 0.4 percent, an improvement from a 0.1 percent gain in August and the best gain since March. However, after adjusting for inflation and taxes, income was flat in September. That followed a 0.3 percent decline in August.
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