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.
Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.