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© Click For Restrictions - https://agency.reuters.com/en/copyright.htmlJapan's factory activity shrinks at fastest pace since 2012
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Yubaru
One February is still one week away from finishing, so these "numbers" are not accurate for the month's output, and just another sign from the government looking to find something to blame for bad economic policies!
Oh wait, here is the "truth", its the impact of the consumption tax increase, and it's impact on the economy!
Aly Rustom
damn it yubaru!! you beat me to it!!
Jeff Ko
Ttime for Abe to impose total ban of export to Korea. Koreans will crawl back begging for high quality Japanese goods and will pay more!
Patricia Yarrow
Any chance for lowering the sales tax???
Chip Star
Must be the third arrow of Abenomics.
fxgai
It's not an output for February number though, it's the "au Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index (PMI)"
One can learn about PMIs here: https://en.wikipedia.org/wiki/Purchasing_Managers%27_Index
PMIs aren't released by the government, either :)
This is not to say there is nothing bad to be said of the government's economic policies.
But personally, I feel much greater impact from the COVID-19 mess than the consumption tax increase, although the latter no doubt has had impact. The root cause of the consumption tax increase is, however, the government's out-of-control spending.
TARA TAN KITAOKA
Excuses, excuses, excuses, well there is only one way to slove this problem.........................................get efficient people.
Tom
THis is why the Yen should be 150 to $1.00