US recession fears darken outlook for Japan, global factories

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June 23, 2022 12:07 PMTOKYO (REUTERS) - Japan's factory activity growth slowed to a four-month low in June as China's Covid-19 curbs disrupted supply chains, while many other economies in Asia were also facing headwinds amid growing risks to the outlook from a potential United States recession.

A string of recent data globally showed policymakers are walking a tight rope as they try to defuse inflation pressures without tipping their respective economies into a steep downturn.

The au Jibun Bank flash Japan Manufacturing PMI slipped to 52.7 in June from 53.3 in May, marking the slowest expansion since February, the survey showed on Thursday.

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Category: Economy

Topics: China Japan Economies Covid-19 Inflation Risk Outlook Month Global June Months

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2022-06-23, 12:07:19

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Reading Time: 4 minutes read

Article Length: 631 words

Coverage Area: Singapore

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News ID: 5277

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