Japan Housing Starts Drop Further In June

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Japan's housing starts dropped 32.4% year-on-year in June, after a 30.8% fall in the previous month, a report from the Ministry of Land, Infrastructure, Transport and Tourism said Friday. Economists expected a drop of 30.6%. This is the seventh consecutive drop in housing starts.

The seasonally adjusted annualized housing starts stood at 749,000, down from 758,000 in the preceding month.

(Market News Provided by RTTNews)