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User: 58939 - 39 posts
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posted 03:12PM
Fri 29th May 2020
Japan reveals the poison of Covid-19 Draging down industrial production in April, the worst loss for 7 years

Ministry of Economy, Trade and Industry of Japan Revealed in the preliminary report today that April industrial production plummeted in the past 7 years due to the outbreak of the Covid-19 virus. Resulting in factories in Japan having to suspend production And also causing the decline in both domestic and international demand for Japanese products.

The ministry's report states that April industrial production fell 9.7% on a monthly basis. Which is the heaviest drop since January 2013

Meanwhile, the industrial transport index fell 8.8% to 85.0 points while the stock of industrial stock index dropped 0.3% to 106.1 points.

However, the ministry predicted that Japanese industrial production will fall by 4.1% in May and will rebound 3.9% in June when evaluated from the survey of industrial manufacturers.

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User: 53439 - 128 posts

posted 08:42PM
Mon 1st Jun 2020
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