Japan's industrial output falls, lends weight to forecasts of recession
Some manufacturers see some lift in March and April, but Trade ministry is non-committal on outlook
Tokyo
JAPAN'S industrial output fell at its fastest rate in five years in February, lending support to the likelihood that the world's third largest economy had slipped back into recession in the first quarter of this year.
Output fell 6.2 per cent last month, marking the biggest drop since March 2011, when a massive earthquake and tsunami hit the country's north-eastern coast, causing major damage and disruptions to industrial supply chains.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Thailand to appoint former energy executive Pichai as finance minister, sources say
Consumer gulf widens as demand for premium and budget foods grows
‘To the Future’: Saudi Arabia spends big to become an AI superpower
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
Overcrowded Venice begins charging day-trippers for access
South Korea readies new system to detect illegal short-selling