Latest data released by the Japanese Cabinet Office - 8 April 2020

  • Prior 27.4
  • Outlook vs 18.8 vs 20.0 expected
  • Prior 24.6

No surprises as economic sentiment deteriorates sharply amid fears surrounding the virus outbreak and the situation globally. The reading is a survey on workers to measure up consumer spending and current economic conditions.

Expect April to be much worse considering the fact that Japan has just only issued a state of emergency yesterday, with Tokyo set to see most businesses shut in the coming month.