Japan's industrial production improved sharply in July as factory activity continued to recover from the impact of the coronavirus pandemic. The industry ministry says production grew by 8 percent in July from the previous month. It marks the second consecutive month of increase. They had been forced to cut production as the coronavirus stifled global demand, NHK reports. Production is expected to continue to expand by 4 percent in August, and 1.9 percent in September.

Source: The Standard August 31, 2020 04:40 UTC