TOKYO (Reuters) – Japan’s factory output likely staged only a modest rebound in July from the previous month’s tumble, a Reuters poll showed, a sign U.S.-China trade frictions and slowing global demand will continue to weigh on the export-reliant economy.
A Reuters poll of 15 economists showed industrial output likely rose 0.3% in July from the previous month. That would follow a 3.3% drop in June, as companies feel the pinch from weakening exports mainly to Asia.
Exports - Output - Slowdown - Inventory - Takeshi
“Exports and output continue to stagnate due to the global economic slowdown. Inventory is also building up,” said Takeshi Minami, chief economist at Norinchukin Research Institute.
“We’re also not seeing too...
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