Gloomy China, Japan data add to pressure for stimulus

April 1, 2015 9:44 AM

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China and Japan reported gloomy industrial data Wednesday, adding to pressure on leaders of the world's second- and third-largest economies to launch new stimulus.

Two surveys showed Chinese manufacturing was weak in February and employers cut more jobs. In Japan, a central bank survey found companies expect conditions to deteriorate and plan to cut investment.

Also read: Economy: Jobless claims drop to lowest since 1973; housing starts jump 11%

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