JAPAN DATA: Shipments of household electronics rose only 16.4% on
year in December, decelerating sharply from +67.4% in November, the
Japan Electronics and Information Technology Industries Association
said. The December gain was the lowest since +8.5% marked in July 2010.
Many shoppers rushed to retail stores before Dec. 1, when the government
halved the reward points it offers for buying TVs, air
conditioners/heaters and refrigerators that require less power to
operate. This caused a pullback in demand for consumer electronics in
December.
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JAPAN DATA: Shipments of household electronics rose..
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