Tag: fragile economy

Japan factory output dives in knock to recovery

TOKYO, Japan (AFP) — Japanese industrial production dived in May for the first time in three months, official data showed Thursday, in a worrying sign for the already fragile economy. Factory output dropped 2.3 percent in May from a month earlier, much worse than the average 0.2 percent drop expected by economists, according to Bloomberg News. The weak figures come after Japan logged a trade deficit in May, its first since January, while retail sales […]