TOKYO - Japan’s industrial output snapped four months of decline in June, pointing to a modest recovery in broader business and consumer activity in the world’s third-largest economy following a heavy hit to demand from the coronavirus pandemic.
Official data released on Friday showed factory output increased 2.7% in June from the previous month when it hit its lowest level since March 2009 during the financial crisis. “We think manufacturing output will rise by around 9% in the third quarter,” said Tom Learmouth, Japan economist at Capital Economics.
Analysts expect the economy to have shrank by more than 20% on an annualised basis in the second quarter as the coronavirus pandemic and lockdown measures seen around the world delivered a blow to business and consumer demand.
Source: News Formal (newsformal.com)
It is not even a question how we, government AND people in general, put our economy on our top priority. That's how we grew after WW2 without losing our national pride without going back to the nationalisms. Those people still run our country and I can't really judge them.
If Japan can work, so can we!
When done properly it can be done ✅
realDonaldTrump See, DonnyDumbDumb, this is what could be happening in the US if you hadn't completely mishandled the Covid-19 pandemic. Like other countries with competent leadership, Japan's reopening & people aren't dying in their 10s of thousands. You're a joke!
Japan is now in a second wave of COVID infections. Opening the economy will only make the situation worse.
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