• Kyodo News

  • SHARE

The government lowered on Monday its assessment of the economy for the third straight month, using the word “worse” for the first time in about seven years, on the back of sharply falling corporate profits, capital spending and job opportunities.

“The economy is worsening,” the Cabinet Office said in its monthly economic report for December, a downgrade from the previous month’s evaluation that “the economy has weakened further.”

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)