In its March economic assessment report, the Japanese government said that the economy shows some weakness amid the ongoing post-covid pandemic recovery while downgrading its view on the country’s exports.
Additional takeaways
“The economy shows some weakness, though it continued picking up amid severe conditions due to the coronavirus.”
“The government in March cut its view on exports for the first time in 10 months.”
“The authorities urged attention to how the spread of COVID-19 is affecting the Japanese and other economies, days after the end of a state of emergency in the capital, Tokyo, and three neighbouring prefectures.”
“The government upgraded their view on bankruptcies and of firms’ assessment of business conditions, saying they were showing signs of picking up, though severe spots remained.”
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