Japan’s economy minister Yasutoshi Nishimura said a few minutes before press time that the country’s industrial production is in severe condition, particularly the auto sector. Industrial production fell 9.1% from March, dropping for a third month led by falls in auto and steel output, according to Bloomberg. Meanwhile, automobile production fell in April at its fastest rate since 2013. Nishimura, however, is hopeful of recovery as China, one of Japan’s biggest markets looks to be returning to normalcy. The economic activity in the world’s second largest economy slowed down sharply in the first quarter due to the coronavirus outbreak. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZ FinMin Robertson: Economy is opening up and improving FX Street 3 years Japan's economy minister Yasutoshi Nishimura said a few minutes before press time that the country's industrial production is in severe condition, particularly the auto sector. Industrial production fell 9.1% from March, dropping for a third month led by falls in auto and steel output, according to Bloomberg. Meanwhile, automobile production fell in April at its fastest rate since 2013. Nishimura, however, is hopeful of recovery as China, one of Japan's biggest markets looks to be returning to normalcy. The economic activity in the world's second largest economy slowed down sharply in the first quarter due to the coronavirus outbreak. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
