Japan says economic indicators point to recession

Risks from the global trade conflicts and weakening foreign demand raise concerns that a postwar record growth cycle may be overTokyo — Japan may already be in recession, a government assessment of its own economic indicators showed on Monday, as the US-China trade war and weak external demand hurt activity and pose fresh challenges for Prime Minister Shinzo Abe's policies.

It also compares with its previous assessment for February when it described the economy at"a turning point towards a downgrade". "The economy in the first quarter performed poorly. Factory output was clearly declined," said Yoshiki Shinke, chief economist at Dai-Ichi Life Research Institute. The index of leading economic indicators, compiled using data such as job offers and consumer sentiment and seen as a forward-looking gauge of the economy, slipped 0.8 of a point.

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