Japan's factory, retail sectors slump as pandemic hits auto sector
Share:
TOKYO (Reuters) - Japan's factory output slid faster-than-expected and retail sales tumbled the most in more than two decades in April, as the coronavirus pandemic wrecked both foreign and domestic demand for the country's autos and other manufactured goods.The bad numbers suggest the recession seen in the world's third-largest economy over the six months to March is likely to deepen in the current quarter as government-imposed lockdowns disrupted supply chains and kept consumers shut in at..