Shortages, shipping costs and shutdowns keep Asian economies from recapturing momentum lost in early 2000


Source: marketwatch.com marketwatch.com

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Shortages of power, computer chips and other parts; soaring shipping costs; and shutdowns of factories to battle the pandemic are taking a toll on Asian economies. While business sentiment is improving in some parts of Asia as governments begin easing restrictions put in place to curb coronavirus infections, there is mounting evidence that such disruptions are slowing a return to business as usual. A quarterly survey by the Bank of Japan released Friday showed sentiment among manufacturers at its highest level in nearly three years. The survey found companies plan to raise investment more than earlier forecast, but that shortages...