URGENT: Japan downgrades Feb. economic outlook amid Omicron

Politics Economy Society

The Japanese government on Thursday downgraded its economic outlook for the first time in five months, reflecting weakness in private consumption amid a resurgence of coronavirus infections driven by the highly transmissible Omicron variant. The Japanese economy "continues to show movements of picking up, although some weaknesses are seen as a severe situation (of economic activities) due to the novel coronavirus remains," the Cabinet Office said in its monthly assessment report for February.

Kyodo News

Kyodo News Society