Japan's housing starts decreased sharply in April after a surge in the previous month, data from the Ministry of Land, Infrastructure, Transport, and Tourism showed on Friday.
Housing starts slumped 26.6 percent year-on-year in April, reversing a 39.1 percent growth in March. Economists had expected a decrease of 18.3 percent.
Data showed that new construction was decreased in all categories except issued ones. The decline was more evident in the built-for-sale category, which tumbled by 29.7 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.