Japanese Cabinet Office have released September economic assessment via ForexLive

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Japanese Cabinet Office have released September economic assessment

  • Cut to the assessment citing weak consumption growth
  • Cut overall economic assessment for the first time in 5 months
  • Lowered view on consumption …  “private consumption appears to be pausing.”
  • Left in the phrase “Japan's economy is on a moderate recovery”, but deleted the phrase which said that the fall-off in demand after the sales-tax increase was easing, indicating it sees the fall-off continuing, according to a cabinet office briefing
  • Exports are flat
  • Industrial output is in a weak trend
  • Improvement in corporate profits appear to be pausing, with firms cautious in judgement on current business conditions
  • Employment situation is improving steadily

 

posted via ForexLive

Posted In: ForexGlobalEconomics
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