TOKYO, May 10 (Xinhua) — Japan experiences weakening financial situations in March, the federal government stated in a preliminary report on Wednesday.
According to the report, the coincident index of enterprise situations for March remained flat at 98.7 in opposition to the 2015 base of 100, however the three-month backward shifting common dropped for the sixth straight month by 0.13 factors.
The Cabinet Office, based mostly on the coincident index for the reporting month, stored its evaluation that the economic system is “weakening” for the fourth consecutive month.
An increase within the coincident index signifies an growth of financial exercise and a decline signifies a contraction.
In addition, the main index of enterprise situation, which forecasts the development within the coming months, slumped 0.7 factors from a month earlier to 97.5 within the reporting interval, the Cabinet Office stated.