Financial Times FT.com

Key data show Japanese economy slowing

By Lindsay Whipp in Tokyo

Published: May 30 2008 09:07 | Last updated: May 30 2008 18:54

Japanese unemployment hit a seven-month high last monthwhile industrial production and household spending fell, adding to evidence that the world’s second-largest economy is slowing down.

Industrial production declined 0.3 per cent in April, the government said, while unemployment rose 0.2 percentage points to 4 per cent and overall household spending fell 2.7 per cent.

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