Japan's coincident indicator index declined in March and the government cut...
TOKYO - Japan’s coincident indicator index declined in March and the government cut its assessment of the economy, a sign it may already be in recession as the U.S.-China trade war and weak external demand hurt activity.
The index of coincident economic indicators, which consists of a range of data including factory output, employment and retail sales, fell a preliminary 0.9 of a point in March from the previous month, the Cabinet Office said on Monday. Clouding the outlook are government plans to raise a sales tax to 10 percent from the current 8 percent in October unless a big shock on the scale of Lehman Brothers’ collapse in 2008 hits the economy.
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