RTTNews - According to a report released by the Ministry of Land, Infrastructure and Transport on Friday, Japanese housing starts declined 32.4% in April on a yearly basis, following a 20.7% fall seen in March. Economists were expecting only a 22% decrease in housing starts.

Meanwhile, annualized housing starts totaled 779,000 in April, down from 888,000 in March. The April level stood well below the expected number of 901,000.

Construction orders received by the 50 big contractors slipped at a slower pace of 25.9% in April compared to 37.8% decline reported in March.

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