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Japan's factory activity shrinks at fastest pace since 2012

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Japan's factory activity suffered its steepest contraction in seven years in February, as the widening fallout from the coronavirus outbreak in China reinforced the risk of a recession in the world's third-largest economy.

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!

Data last week showed the economy shrank at its fastest pace in nearly six years in the December quarter, stoking talk of a recession, as the virus added to the impact of a sales tax hike on consumer and business spending.

Oh wait, here is the "truth", its the impact of the consumption tax increase, and it's impact on the economy!

12 ( +12 / -0 )

damn it yubaru!! you beat me to it!!

6 ( +6 / -0 )

Perhaps this will open Abe's eyes to the degree to which Japanese manufacturing depends on imports from China...

4 ( +5 / -1 )

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!

-3 ( +3 / -6 )

Any chance for lowering the sales tax???

4 ( +4 / -0 )

Must be the third arrow of Abenomics.

3 ( +3 / -0 )

One February is still one week away from finishing, so these "numbers" are not accurate for the month's output

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

and just another sign from the government looking to find something to blame for bad economic policies!

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.

4 ( +4 / -0 )

Excuses, excuses, excuses, well there is only one way to slove this problem.........................................get efficient people.

1 ( +2 / -1 )

THis is why the Yen should be 150 to $1.00

0 ( +0 / -0 )

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