Japanese industrial output shrank by 3.7 percent in March


Japanese manufacturing output shrank by 3.7 percent in March compared to a month earlier, due to the corona crisis. The Japanese government reported this on the basis of final figures.

As a result, production declined further, because in February a shrinkage of 0.3 percent was already visible. On an annual basis, industrial production in Japan decreased by 5.2 percent. Due to the pandemic, many Japanese factories were shut down, including in the country’s sizeable auto industry.

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Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

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