Japan Gov’t Sticks to 'Moderate' Economic View

Japan’s government left its assessment of the economy unchanged in June, after revising it down twice in the past three months, even as the escalating US-China trade war threatens to take a heavier toll on global growth.
The risks to the economic outlook could add pressure on the government to boost spending to offset the potential blow from a planned sales tax hike in October, Euronews reported.
“Japan’s economy is recovering at a moderate pace, while weakness in exports and industrial production continues,” the government said in the June report released on Tuesday, maintaining its view from last month.
The government downgraded its view for the world’s third-largest economy in March and May.