Japanese Housing Starts Drop Again In December

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Japan's housing starts dropped 15.7% annually in December following a 19.1% fall in the previous month, a report released by the Ministry of Land, Infrastructure and Transport showed Friday. The expected decline for December was 18.8%.

Annualized housing starts totaled 819,000 in December, larger than November's 792,000. Economists had expected housing starts to increase to 812,000.

At the same time, construction orders received by big 50 contractors showed an increase of 0.6%, reversing an annual fall of 11.6% in the previous month.

Japan's housing starts dropped 15.7% annually in December following a 19.1% fall in the previous month, a report released by the Ministry of Land, Infrastructure and Transport showed Friday. (Market News Provided by RTTNews)