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December 31, 2012

Abe's Japan Races China to the Bottom

Gordon Chang, Forbes

AP Photo

On Friday, the Nikkei surged to its highest mark since the March 2011 earthquake. The 0.7 percent jump came on the news that Japan's industrial output in November dropped 1.7 percent from the month before, a fall far exceeding analyst forecasts. The consensus was that there would be only a 0.5% decline.

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TAGGED: Shinzo Abe, Japan, China, Asia

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