TOKYO - Japanese manufacturers’ confidence sank in the second quarter to levels not seen since the 2009 global financial crisis, underscoring the damage the coronavirus pandemic inflicted on the export-reliant economy.
The dismal readings reinforce expectations Japan is headed for deep recession due to the fallout from the pandemic. The index measuring big non-manufacturers’ sentiment fell 25 points to -17 in June, the worst reading since December 2009.
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Senate votes to extend small-business coronavirus relief program through AugustNEW: Senate votes to extends small business coronavirus relief program through August 8; bill moves to House. Crafty, cunning yet a Clueless Covfefe needs a miracle to win and miracles are hard to come by: Joe Biden holds a whopping 14% lead! Shed red Go blue Anyway, four more months to go before the fat lady would sing on November the 4th. Till then.. Government continues to destroy the economy while printing more money to lower the value of yours while taxing you to pay the interest on the loans they'll never repay to 'HELP' you. But Senate Republicans say unemployed Americans can go screw themselves.
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