[TOKYO] Japan's factory output posted the biggest decline in a year in January in a sign slowing Chinese demand and the Sino-US trade war were taking a toll on the country's manufacturing sector, a major driver of economic growth. Read more at The Business Times.
[TOKYO] Japan's factory output posted the biggest decline in a year in January in a sign slowing Chinese demand and the Sino-US trade war were taking a toll on the country's manufacturing sector, a major driver of economic growth.
The ministry cut its assessment of output saying it is"stalling". Previously it was described as picking up gradually.Japanese policymakers worry that sluggish output may drag on economic growth as exporters curb shipments and manufacturers halt production due to a sharp drop in demand from China in the face of the Sino-US trade war.
Data released last week showed Japan's exports logged their worst drop in more than two years in January as China-bound shipments tumbled, fuelling concerns about the outlook for export-reliant Japanese economy.
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