Data from Japan early this morning showed that economic growth in Q4 2019 fell by 1.6 per cent Q/Q and on an annualised basis it slumped by 6.3 per cent. This is the worst performance in 6 years, caused in great part by the consumption tax hike, and Q1 2020 has got off to a bad start due to the new virus which has stranded thousands of tourists on a cruise ship in Yokohama harbour holding the biggest cluster of confirmed cases outside China. Worries are beginning to grow about this year’s Olympic Games to be held in the country.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis