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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.”