Asia

Home page

Asia

Japan's economy slows down for first time in 4 months

16 September 2021 12:00 (UTC +04:00)

The Japanese government stated on Thursday that the growth of the economy has slowed down for the first time in four months, as the pandemic still weighs heavily on assessors, APA reports citing Teletrader.

The government said that the situation with the coronavirus, both domestic and international, presents a downside risk to economic recovery. Furthermore, the chip shortages continue to influence global manufacturing outputs, with Japan noting that the automobile industry has been particularly affected and that further COVID outbreaks in South East Asia also contributed to the material impact on carmakers.