80339
Japan Upgrades Economic View
Japan Upgrades Economic View

Japan Upgrades Economic View

Japan Upgrades Economic View

The Japanese government raised its assessment of the economy in January for the first time in seven months due to rising consumer spending, an encouraging sign that inflation could start to pick up this year, Reuters reported. “Japan’s economy is gradually recovering,” the cabinet office said in its monthly economic report on Friday. That marked an upgrade from December, when the office said the economy was on a recovery path. The government also raised its assessment of consumer spending for the first time since June after retail sales, household spending, and new car sales gained momentum toward the end of 2017. Consumer spending is “recovering”, which is an upgrade from the phrase “gradual recovery” used in last month’s report. The assessment increases the chance that the government will declare an end to deflation, which would amount to a declaration of victory for Prime Minister Shinzo Abe’s ambitious campaign to reflate the economy. “The difference between previous recoveries and the current recovery is that right now both the corporate sector and the household sector are steadily improving,” said the economy minister, Toshimitsu Motegi.

Short URL : https://goo.gl/rTriFr
  1. https://goo.gl/FhJaK6
  • https://goo.gl/K6KoDB
  • https://goo.gl/Umhp4F
  • https://goo.gl/2gbrQ7
  • https://goo.gl/C1C6tf

You can also read ...

ECB President Mario Draghi (L) and US fed chair Jerome Powell at the ECB Forum on Central Banking in Sintra, Portugal, June 20.
The world’s most-powerful central bankers warned that...
Consumer prices rose just 0.1% in May, down from a 0.3% gain in April.
Canada’s economy showed unexpected weakness in the second...
Brazil CB Holds Rate Steady
For the second consecutive time, the Central Bank of Brazil...
China Trade Surplus Shrinks
China’s trade surplus shrank markedly in the first five months...
Inflation rate forecast for the full year is averaged around 3.1%.
Saudi Arabia is so intent on changing its identity that today’...
Turkey Sees 22% Yearly Decline in FDI
Turkey attracted some $3.1 billion in net international direct...
Ukraine Shadow Economy Drops to 31% of GDP
Shadow economy in Ukraine dropped by 4% in 2017, to 31% of GDP...
IMF to Lower Eurozone Growth Projections
The International Monetary Fund will downgrade growth...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus