China and Japan post weak data
China and Japan reported gloomy industrial data, adding to pressure on leaders of the world’s secondand third-largest economies to launch new stimulus.
Two surveys showed Chinese manufacturing was weak in February and employers cut more jobs. In Japan, a central bank survey found companies expect conditions to deteriorate and plan to cut investment.
The latest data muddy the global outlook at a time when the U.S. is the only major economy to show signs of healthy momentum.