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.