Japan housing starts may recover from February onwards. Japan housing starts have recorded a 14th straight month of decline, with the latest Jan 10 figure standing at 64,951 units, a drop of 8.1% yoy. Nevertheless, the rate of decline has been narrowing since Sep 09 and accordingly, there have been some signs of economic recovery. Given the low base in Feb 09, we could potentially see a first yoy growth (in 15 months) for Japan housing starts in Feb 10.
Timber : Prospects Are Looking Better
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