Japan rubber futures fall

TOKYO: Japanese rubber futures fell on Wednesday after official figures showed that Japan’s economic recovery is being stymied by the coronavirus recovery.

Osaka Exchange’s rubber contract for December delivery finished 2.8 yen, or 1.3%, lower at 220.9 yen per kg.

Japan’s coincident indicator index fell for the first time in three months in May, the government said on Wednesday, as measures to stem a rise in coronavirus infections hurt economic activity.

The rubber contract on the Shanghai futures exchange for September delivery rose 1.2% to end at 13,415 yuan per tonne.