Economy News / Follow-up ...
In a blow to Japanese Prime Minister Shinzo Abe ahead of the Senate next summer, Japan's economy fell for the first time in more than six years by 0.9 percent from February to March, according to the Japanese cabinet.
Which led statisticians to reduce their assessment of Japan's economy from "weak" to "deteriorating" - the lowest level in their assessments.
The government last used the lowest grade to describe the local economy in January of 2013.
In the same context, weakness in the performance of the economy during the month of March driven by the decline in industrial production and the slowdown of shipments of consumer goods and investment goods in Tokyo.
The decline in the economic conditions index illustrates the growing side effects of the Sino-US trade war, with Japan severely hit in recent months as its exports to major Asian markets slow.
The decline in Japan's economic performance came ahead of the Senate elections next summer and the start date of Abe's decision to increase the consumption tax from 8 to 10 percent this fall.
economy-news.net/content.php?id=16631
In a blow to Japanese Prime Minister Shinzo Abe ahead of the Senate next summer, Japan's economy fell for the first time in more than six years by 0.9 percent from February to March, according to the Japanese cabinet.
Which led statisticians to reduce their assessment of Japan's economy from "weak" to "deteriorating" - the lowest level in their assessments.
The government last used the lowest grade to describe the local economy in January of 2013.
In the same context, weakness in the performance of the economy during the month of March driven by the decline in industrial production and the slowdown of shipments of consumer goods and investment goods in Tokyo.
The decline in the economic conditions index illustrates the growing side effects of the Sino-US trade war, with Japan severely hit in recent months as its exports to major Asian markets slow.
The decline in Japan's economic performance came ahead of the Senate elections next summer and the start date of Abe's decision to increase the consumption tax from 8 to 10 percent this fall.
economy-news.net/content.php?id=16631