Japan's housing starts decreased for the third straight month in January, data from the Ministry of Land, Infrastructure, Transport, and Tourism showed on Friday.
Housing starts dropped 0.4 percent yearly in January, slower than the 1.3 percent fall in December. Economists had expected a decrease of 1.6 percent.
The data indicated a decline in new construction across rented and built-for-sale categories, while increases were observed in owned 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.