Economics
Japan’s Output Drops Most Since 2011 as Consumers Spend Less
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Japanese industrial output fell the most since the March 2011 earthquake, highlighting the widening impact to the economy of April’s sales-tax increase.
Industrial output dropped 3.3 percent in June from May, the trade ministry said today in Tokyo, more than twice the median forecast for a 1.2 percent contraction in a Bloomberg News survey of 31 economists.