JAPAN DATA: The Cabinet Office says it will release the
government’s monthly economic report for May on Tuesday, May 24, at a
time to be set later. The government revised down its overall economic
assessment in April, for the first time since October 2010, saying,
“Although the economy was picking up, it shows weakness recently, due to
impact of the Great East Japan Earthquake.” Some data have shown
weakness of the economy. Industrial production plunged a seasonally
adjusted 15.3% m/m in March, posting the largest drop on record.
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