Japan’s exports fell for a fourth straight month in March as China-bound shipments slumped again, reinforcing growing anxiety that weak external demand may have knocked the economy into contraction in the first quarter.
German exports and imports both fell more than expected in February, data showed on Monday, in the latest sign that Europe’s largest economy is likely to post meager growth in the first quarter amid increased headwinds from abroad.
The Bank of Japan (BoJ) is expected to cut its inflation forecasts at next week’s rate review, sources say, a sign slumping oil prices and a darkening global economic outlook are heightening challenges for hitting its ambitious two percent target.
China’s plans for tax cuts targeting smaller companies will help to support employment and economic stability, and will expand the country’s tax base over the long term, Premier Li Keqiang was quoted as saying on Saturday.
It is unclear if Germany’s recent economic setbacks are a one-off or a more lasting phenomenon caused by structural problems, particularly in its car industry, European Central Bank policymaker Ewald Nowotny said in remarks published on Saturday.
Trade frictions, risks linked to Britain’s possible departure from the European Union this year without a deal and weaker growth in emerging markets are putting the brakes on a nine-year upswing in Europe’s economic powerhouse.