Japan Cuts Economic View on Weaker Production, Spending Due to COVID-19 Revival

Japan Cuts Economic View on Weaker Production, Spending Due to COVID-19 Revival
A worker cycles near a factory at the Keihin industrial zone in Kawasaki, Japan, on Feb. 17, 2016. Toru Hanai/Reuters
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TOKYO—Japan cut its economic view for the first time in four months as a surge in COVID-19 cases disrupted manufacturers’ global supply chains and dampened consumer confidence.

In a monthly assessment approved by the cabinet on Thursday, the government pointed to domestic and overseas virus situations as evident downside risks to the country’s economic recovery.