What Green Shoots? Japan’s March Industrial Production Index Down 4.6% Y/Y

By David Stockman

What we are now seeing, including within Japan, is its rotten harvest. Japanese Industrial Production, maybe the best economic reflation/deflation indicator the last eleven years, continues to sink a quarter of the way through 2019. For those hoping green shoots or growth scare, in March 2019, according to figures released late last week, Japanese IP fell 4.6% year-over-year…

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