Japan lowers expectations for industrial output, monitors market volatility closely

Japan’s government cut its assessment of the strength of industrial production for the first time in three months in March, pointing to weakening demand in the global semiconductor industry.

Its overall assessment of the economy was unchanged in the monthly economic report, however.

Amid lingering concerns about stress in the world’s banking system, the government retained a vigilant stance in relation to economic effects of financial market fluctuations.

Source : Japan lowers expectations for industrial output, monitors market volatility closely