Japan's housing starts decreased for the second straight month in December, data from the Ministry of Land, Infrastructure, Transport, and Tourism showed on Friday.
Housing starts dropped 1.3 percent year-on-year in December, much slower than the 8.5 percent plunge in November. Economists had expected a decrease of 4.1 percent.
The data indicated a decrease in new construction across owned and rented categories, while increases were observed in built-for-sale and issued segments.
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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.