Japan dived into its first recession since 2015, according to official data Monday, with the world's third-largest economy contracting by 0.9 percent in the first quarter as it wrestles with the fa...
Japan dived into its first recession since 2015, according to official data Monday, with the world’s third-largest economy contracting by 0.9 percent in the first quarter as it wrestles with the fallout from the coronavirus.
“We expect the worst is yet to come, with the state of emergency in Japan and the severity of the pandemic among Western nations continuing to derail the Japanese economy,” said Naoya Oshikubo, senior economist at SuMi TRUST. However, authorities were concerned there could be an explosive spike — especially in the densely populated capital Tokyo — and urged people to stay indoors and businesses to shut down.
“But uncertainty stemming from the spread of the virus has also hit private capital investment as companies curtail their expenditure programmes,” added the expert.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Virus Deaths In Spain Fall To Two-month Low Under 100New Virus Deaths In Spain Fall To Two-month Low Under 100
Read more »
Lagos considers full reopening of economy, worship centres
Read more »
Lagos Considers Full Reopening of Economy, Worship Centres - THISDAYLIVEBy Segun James One week after the partial easing of the lockdown on the state, Lagos state government is considering reopening the state to full business activities. The state Governor, Mr. Babajide Sanwo-Olu, Sunday said that the government was considering full re-opening of the critical sectors of its economy, even though the move will not …
Read more »
Victor Moses: I fell in love with Milan first day - The Nation NigeriaInter Milan new signing Victor Moses evaluates his reconnection with manager Antonio Conte in Milan, the Italian city he fell in love with at first ...
Read more »
Sporting world focuses on Germany as Bundesliga resumesThe gaze of the sporting world will fall on Germany this weekend as the Bundlesliga becomes the first major soccer league to emerge from...
Read more »
CBN naira defence depletes foreign reserves by $3.17bnForex scarcity due to falling crude oil price forced the Central Bank of Nigeria to access the country's foreign reserves to make forex available in the economy; NIKE POPOOLA reports that this gulp...
Read more »