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Japan’s output of copper and copper alloy fabricated products, including sheets and tubes, dropped 12 percent in October, an industry group said.
Production was 69,218 metric tons last month, compared with 79,056 tons a year earlier, the Japan Copper and Brass Association said today, citing preliminary data. That was the 15th consecutive month of decline. Output tumbled to 34,512 tons in March, the lowest since November 1974.
Japan’s industrial production is about 20 percent below last year’s level and a slump in domestic demand has depressed consumer prices, which have dropped for seven months. An economic expansion since March hasn’t made up the ground lost during the previous four quarters of contraction, when the economy shrank to its 2003 size.
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