Japan's factory output experienced its sharpest decline since May 2020, according to government data released on Thursday, increasing worries about the country's fragile economy, which slipped into recession late last year.

Japan's factory output plummets in January as economic concerns mount

Japan's manufacturing activity shrank at its fastest pace in two-and-a-half years in February, according to a business survey. The 'au Jibun Bank' flash Japan Manufacturing Purchasing Managers' Index (PMI), a leading economic indicator, fell to a seasonally adjusted 47.

Japan's factory activity shrinks at the fastest pace in over two years

Japan's output of general machinery slipped 7.9%, while that of production machinery decreased 5.7%, driving down the overall index in November. Watch this video to know more.

World Business Watch: Japan November factory output falls 7.9 percent