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March 28, 2005
Still no good news for Japan
From the NY Times:
TOKYO, Mar. 29 - Japan's unemployment rate rose unexpectedly in February and consumer spending declined, indicating that the economy has not yet fully emerged from a slowdown that began last year, data released on Tuesday shows.
The unemployment rate rose to 4.7 percent in February from a six-year low of 4.5 percent the month before, according to a report from the government statistics bureau. Economists had expected the rate to remain unchanged.
Spending by households headed by wage earners fell 4.1 percent in February from January, slightly worse than economists had projected.
Posted by William Polley at March 28, 2005 11:08 PM
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