Japan's housing starts grew at a slower pace of 4.2 percent year-on-year in May, the Ministry of Land, Infrastructure, Transport and Tourism reported Friday.
This was slower than an expected 6.6 percent expansion and follows April's 10.3 percent growth.
In May, annualized housing starts totaled 903,000, the highest level since last February. The number of housing starts rose from 896,000 a month ago.
Construction orders received by big 50 contractors dipped 0.9 percent annually, reversing the 16.2 percent growth seen in April.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.