Japan cuts economic view on weaker production, spending due to Covid revival


FILE PHOTO: People walk in Shibuya shopping area, during a state of emergency amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan August 29, 2021. REUTERS/Androniki?Christodoulou

TOKYO: Japan cut its economic view for the first time in four months as a surge in COVID-19 cases disrupted manufacturers' global supply chains and dampened consumer confidence.

In a monthly assessment approved by the cabinet on Thursday, the government pointed to domestic and overseas virus situations as evident downside risks to the country's economic recovery.

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Japan , GDP , economic recovery , slowdown

   

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