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April records showed that Japan’s factory output dropped at a pace faster than what was initially predicted. More so, the country’s retail sales plunged the sharpest in more than two decades as the COVID-19 pandemic introduced more economic disruptions.
The country’s factory output declined by 9.1% in April as frail global demand brought heavy production declines. The weak figure surpassed the 5.1% Reuters forecast as it came to be the sharpest drop since 2013.
A separate record showed that the country’s retail sales dropped to its lowest level since 1998 as lockdowns restricted the services sector from operating.
Global activity was heavily curbed in April as government-implemented restrictions disrupted supply chains. More so, lockdowns prompted consumers to cancel purchases, completely dragging the outlook for the world’s third-biggest economy.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
KYC Policy