Ja­pan fac­tory ac­tiv­ity falls fastest in 3 years

The Korea Times - - WORLD BUSINESS -

TOKYO (Reuters) — Ja­panese fac­tory ac­tiv­ity shrank at the fastest pace in over three years in Oc­to­ber, largely hurt by slump­ing new or­ders and out­put, in yet an­other sign of broad­en­ing eco­nomic cracks in the face of slow­ing global de­mand and trade fric­tions.

The weak read­ing adds to pres­sure on the gov­ern­ment and the cen­tral bank to take steps to shield the econ­omy from height­en­ing risks to the out­look from a Sino-U.S. trade dis­pute, slow­ing global growth and a sales tax hike at home.

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