Japan aluminum shipments drop by 1.0pc
Monday, 28 December 2009
TOKYO, Dec 25 (Bloomberg): Japan's shipments of aluminum rolled products dropped last month at the slowest pace since a contraction in orders began in October last year.
Supplies to the domestic and export markets fell 1 per cent to 164,859 metric tons from 166,454 tons a year earlier, the Japan Aluminium Association said in a statement today. The pace of decrease slowed for a ninth month. Shipments plunged 39 per cent in February, the worst drop in 34 years, as an economic slump slashed demand.
Japan's economy expanded at an annual 1.3 per cent rate last quarter, marking the second straight growth after the nation's deepest postwar recession. Prime Minister Yukio Hatoyama unveiled a 7.2 trillion yen ($78.6 billion) stimulus package this month to ensure the economy avoids another slump next year.
Supplies to the domestic and export markets fell 1 per cent to 164,859 metric tons from 166,454 tons a year earlier, the Japan Aluminium Association said in a statement today. The pace of decrease slowed for a ninth month. Shipments plunged 39 per cent in February, the worst drop in 34 years, as an economic slump slashed demand.
Japan's economy expanded at an annual 1.3 per cent rate last quarter, marking the second straight growth after the nation's deepest postwar recession. Prime Minister Yukio Hatoyama unveiled a 7.2 trillion yen ($78.6 billion) stimulus package this month to ensure the economy avoids another slump next year.