Japan factory activity contracts for fifth month, core inflation slows

The index remained below the 50-level that separates contraction from expansion for a fifth straight month in March. theSun theSundaily SunBiz business Japan inflation economy

Pedestrians passing an electronic monitor displaying Japan’s Nikkei share average and recent movements outside a bank in Tokyo.

The index remained below the 50-level that separates contraction from expansion for a fifth straight month in March. The Reuters Tankan survey on Thursday showed big Japanese manufacturers remained pessimistic about business conditions for a third straight month in March, reflecting worries about slowing global growth that could hurt the country's export engine.The au Jibun Bank flash services PMI rose to 54.2 seasonally adjusted in March from the previous month's 54.0, the fastest pace since October 2013.

In another development, government data on Friday showed Japan's core consumer inflation slowed sharply in February from a 41-year high in the previous month, as the effect of government subsidies to curb utility bills rolled in. The pace of increase slowed sharply from a 4.2% rise seen in January, which was the highest reading since December 1981 when the Middle East crisis pushed Japan's inflation to 4%.

But some BOJ policymakers have flagged the chance inflation could exceed initial expectations, as price hikes and wage gains show sign of broadening.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

theSundaily /  🏆 25. in MY

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tokyo ramen restaurant bans customers from watching videos while having mealsKUALA LUMPUR, March 22 — The owner of a ramen restaurant in Tokyo, Japan prohibits his customers from watching videos on their mobile phones while having their meals. The...
Read more »

[ UPDATE ] Fahmi Fadzil: RM69 Pakej Perpaduan fibre broadband to be revealed on 30 March - SoyaCincauThe full details of the affordable RM69 Pakej Perpaduan fibre broadband package will be announced next Thursday, 30th March. TIME has revealed its Pakej MyKabel offering 100Mbps fibre broadband for RM69/month.
Read more »

Fuel prices March 23-29: Unchanged across the boardKUALA LUMPUR: The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the week from March 23 to 29.
Read more »

Food Review: What We Enjoyed At Taverna By The Tokyo Restaurant @ The Gardens Mall - Hype MalaysiaWhat do you get when you mix Italian and Japanese cuisine? Well, that’s for your palette to find out! Taverna by The Tokyo Restaurant – The Gardens Mall’s newest option for Italian cuisine combined with Japanese ingredients and inspirations – is situated on the third floor of ISETAN. It had its official opening last year, […]
Read more »

Proposal for paid MRSM, Haj cost among focus of Parliament on Thursday (March 23)KUALA LUMPUR: The proposal to create a paid version of the Mara Junior Science College (MRSM) for the affluent will be raised at the Dewan Rakyat sitting on Thursday (March 23).
Read more »