Japan's government upgraded its view on exports and output in August for the second straight month as global demand slowly improves, but authorities cautioned conditions were still severe due to the coronavirus pandemic.
TOKYO - Japan’s government upgraded its view on exports and output in August for the second straight month as global demand slowly improves, but authorities cautioned conditions were still severe due to the coronavirus pandemic.
“The Japanese economy remains in a severe situation due to the novel coronavirus, but it is showing signs of picking up recently,” the government said in its economic report for August. Data earlier this month showed Japan suffered its biggest economic slump on record in the second quarter as the coronavirus crisis hit corporate and household activity hard, knocking the size of real gross domestic product to decade-low levels.
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