Japanese govt revises down economic view for 2nd straight month via ForexLive

• cites falling output

More detail to follow

• CAO cuts output assessment saying ” industrial production is decreasing recently” in reaction to the jump in demand prior to April's sales-tax increase
• “private consumption appears to be pausing recently” as does the improvement in corp profits
• CAO says economy is expected to recover ” although weakness remains for the time being”
• risk inc a protracted reaction to the tax rise and slowdowns in overseas economies

The review echoes previous comments on output by Kuroda

USDJPY 106.61 after the repeated reality check

posted via ForexLive