TOKYO, June 29 — Retail sales in Japan tumbled at a double-digit pace for the second straight month in May as the coronavirus pandemic and lockdown measures delivered a heavy blow to consumer confidence. The sustained downturn in demand raises risks that the world's third-largest economy could...
Monday, 29 Jun 2020 08:27 AM MYT
The sustained downturn in demand raises risks that the world's third-largest economy could remain mired in recession longer than expected and a recovery may be more sluggish. Policymakers are hoping a rebound in private spending, which accounts for more than half of the economy, will help support growth as uncertainty over the global demand outlook threatens to delay a recovery.
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