Wednesday, June 27, 2007

UPDATE 1-Japan May industrial output unexpectedly falls

(Reuters) - Market players are looking ahead to consumer price data due
out on Friday and the BOJ's quarterly tankan survey next Monday
for clues on whether the central bank will raise rates in August
as markets widely expect.




Industrial output fell 0.4 percent in May from April,
government data showed on Thursday, much weaker than a median
market forecast for a 0.8 percent rise and marking the third
straight month of decline.


Read more at Reuters.com Economic News

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