FILE PHOTO: A worker walks in a factory at the Keihin industrial zone in Kawasaki, Japan February 17, 2016. REUTERS/Toru Hanai
The world’s third-largest economy is bracing for its worst postwar slump in the quarter through June, with economists expecting an annualised contraction of over 20% after a massive demand shock due to lockdown measures in response to the virus outbreak. “The impact from the coronavirus led to a reduction in overtime pay which caused real wages to fall a lot,” a labour ministry official told Reuters.
Bullish 🙄
Wut dat mean?
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