Factory output grew at its slowest rate in three months, the au Jibun Bank flash Japan Manufacturing purchasing managers' index (PMI) survey showed
High commodity prices contributed to a surge in imports, which soared 48.9% in the year to May, Ministry of Finance data showed
China's markets are being buoyed by policy easing exactly as much of the rest of the world is tightening, says Goldman Sachs.
Sun Guofeng, a top Chinese central banker, is under the lens for allegedly leaking official economic statistics to individual bond traders in exchange for personal gains
The results fuelled fears of stagflation - a mix of weak growth and rising inflation - as the world's third-largest economy contracted at an annualised rate of 1.0%
Retail sales plunged 11.1%, the steepest fall since March 2020, while industrial production dropped 2.9%. Capital Economics forecasts growth of just 2% this year.