Japan lowers exports view, says economy shows weakness in March report - Nippon.com

Newsfrom JapanFILE PHOTO: A ship is pictured on an almost empty port in the Dotonbori amusement district of Osaka, Japan, March 14, 2020.
REUTERS/Edgard GarridoBy Daniel LeussinkTOKYO (Reuters) - Japan’s government in March cut its view on exports for the first time in 10 months, and said overall economic conditions were still showing weakness due to the coronavirus pandemic.
“The economy shows some weakness, though it continued picking up amid severe conditions due to the coronavirus,” the government said in its economic report for March.
Analysts expect Japan’s economy to shrink sharply in the current quarter as the emergency that ended on Sunday weighed on business activity and consumer spending.
Authorities upgraded their view on bankruptcies and of firms’ assessment of business conditions, saying they were showing signs of picking up, though severe spots remained.

Published On: Tue, 23 Mar 2021 14:40:57 GMT