Japanese Industrial Production Crashes Most Since 2011 Tsunami

While we are sure this will not deter Japanese officialdom from declaring that QQE and NIRP is working and that the deflation-mindset is being beaten, the fact is that when February’s 6.2% collapse in Japanese industrial production is compared to the devastatingly poor plunge after March 2011’s quake, tsusnami, and nuclear ‘event’, something has gone disastrously wrong in Japan.

Across every sub-sector, it was a total disaster…