Japan monthly economy assessment stays intact
In July, Japan’s government kept its assessment of the national economy intact, though told business sentiment worsened after the Bank of Japan’s tankan poll demonstrated that the corporate mood stagnated in April-June because of a strengthening yen.
The government left intact its assessment of exports as well as industrial production, however, there’re obvious signs that corporate activity’s losing its momentum as exports go down.
Overall, the report’s unlikely to relive uncertainty regarding Japan’s economy as the government drafts fiscal stimulus spending for the purpose of boosting growth and as hopes mount for more monetary easing to get the inflation rate higher.
Japan’s economy is still in moderate recovery, though weakness in certain areas can be clearly seen, as the Cabinet Office told on Monday in its monthly economic assessment, that appeared to be intact from the previous month.
By the way, Japanese companies are getting more cautious regarding the outlook.