Xinhua, Tokyo :
The Japanese government maintains on Monday its monthly assessment that the domestic economy is recovering moderately but adopted a weaker view on corporate sentiment due to a firming yen and Britain’s vote to leave the European Union.
According to the Cabinet Office’s latest report, the economy is experiencing “a moderate recovery, while weakness can be seen recently.” The employment situation has marked an uptick, the office said, although pointed out that consumer spending remained lackluster in the recording period.
The government, in its latest report, maintained its previous assessment of exports and industrial production, but the report noted there were indications that corporate investment and spending had been constrained owing to a slump in exports and, hence, declining orders and production, punctuated by the yen’s strength.
“Firms’ judgment on current business conditions shows cautiousness further,” the government said, compared to its previous view in June which stated that business sentiment showed cautiousness.
The Japanese government maintains on Monday its monthly assessment that the domestic economy is recovering moderately but adopted a weaker view on corporate sentiment due to a firming yen and Britain’s vote to leave the European Union.
According to the Cabinet Office’s latest report, the economy is experiencing “a moderate recovery, while weakness can be seen recently.” The employment situation has marked an uptick, the office said, although pointed out that consumer spending remained lackluster in the recording period.
The government, in its latest report, maintained its previous assessment of exports and industrial production, but the report noted there were indications that corporate investment and spending had been constrained owing to a slump in exports and, hence, declining orders and production, punctuated by the yen’s strength.
“Firms’ judgment on current business conditions shows cautiousness further,” the government said, compared to its previous view in June which stated that business sentiment showed cautiousness.
