Japan downgrades economic assessment

TOKYO: Japan has revised down its assessment of the economy for February following a drop in the composite index of coincident economic indicators, according to a government report. According to the Cabinet Office, its coincident index of business conditions for February fell 1.2 points from a month earlier due to halts of vehicle production and […]

Japan downgrades economic assessment

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TOKYO: Japan has revised down its assessment of the economy for February following a drop in the composite index of coincident economic indicators, according to a government report.

According to the Cabinet Office, its coincident index of business conditions for February fell 1.2 points from a month earlier due to halts of vehicle production and shipments amid testing scandals involving automakers such as Daihatsu Motor.

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