ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Japan says economy is 'in an extremely severe situation'

Cabinet Office uses most pessimistic language since global financial crisis

The Cabinet Office has downgraded its view of the economy for a second month in a row.   © Reuters

TOKYO (Kyodo) -- Japan's economy has been worsening rapidly in April due to the global coronavirus pandemic, the government said Thursday, using the most pessimistic expression in more than a decade in assessing the overall situation in its key monthly report.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more