Japan Feb factory output up, retail sales slow as Trump 2.0 raises growth risks

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Japan Feb factory output up, retail sales slow as Trump 2.0 raises growth risks - Channel News Asia

Quick Summary:

TOKYO :Japan's factory output rose at a better than expected pace last month, driven by increases in production machinery and electronics parts, but a slowdown in retail sales pointed to the growing strains for an economy facing rising external risks.

The relatively subdued domestic consumption points to a difficult year ahead for the world's fourth-largest economy, especially as Trump's blitz of tariffs against trading partner countries drag on business investment and confidence.

Manufacturers surveyed by METI expect seasonally adjusted output to increase 0.6 per cent in March and edge up 0.1 per cent in April.