Latest data released by the Japanese Cabinet Office - 9 March 2020
- Prior 41.9
- Outlook 24.6 vs 37.5 expected
- Prior 41.8
Slight delay in the release by the source. The reading is a survey on workers to measure up consumer spending and current economic conditions.
The headline reading falls to its weakest level since April 2011 and adds to more worries surrounding the Japanese economy to start the year, amid virus concerns.
I reckon this all but confirms that Japan is headed for a technical recession and the key question will instead shift towards, can things get better soon enough?
