Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"
Japan’s industrial output fell sharply in June, dealing a blow to a government trying to jump start the nation’s ailing economy.
Industrial output fell 3.3% in June when compared to May. The output was 4.8% below the June 2012 levels. At the same time, consumer household spending fell 0.4% in June when analysts had expected a climb of 1%.
Analysts were quick to spin the news into a favorable light.
“This is a minor blip,” Masaaki Kanno of JP Morgan Securities told the BBC. “The overall trend is that of a recovery in Japan’s economy.”
The nation’s economy has been hurt by years of deflation. The falling consumer prices has led many citizens to hold off on making big purchases hoping the prices will continue to fall and they will be able to obtain a better deal. The government has been trying to spur inflation in the market in an attempt to generate more domestic spending.
The inflation plan appears to be working as consumer prices rose in June for the first time in over a year.
Analysts say it’s likely that a large rebound could be seen in industrial output in July with some experts predicting a climb of 6.5%.
