A key Japanese economic index fell in August and the government on Monday downgr...
TOKYO - A key Japanese economic index fell in August and the government on Monday downgraded its view to “worsening”, indicating the export-reliant economy might face slipping into recession.
The index of coincident economic indicators, which consists of a range of data including factory output, employment and retail sales data, slipped a preliminary 0.4 point in August from the previous month, the Cabinet Office said on Monday. For April-June, Japan reported growth of 0.3% from the previous quarter. The last time Japan was in a technical recession, defined as two consecutive quarters of contraction, was the second half of 2015.
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