Japan’s Government Cuts Economic View in May

In its May report, the Japanese government slashed its economic view for the first time in three months, in the face of the impact of the COVID-19 state of emergency.

“The government cut its assessment of the overall economy for the second time this year, after also doing so in February, which was its first downgrade in 10 months.”

“The government also lowered its view on business conditions, as a pickup showed signs of stalling.”