Japanese Govt left its economic assessment unchanged in February

In its monthly economic report released earlier today, the Japanese Cabinet Office left its economic assessment unchanged, reiterating that “Japan’s economy is gradually recovering.” 

In January, the Cabinet Office upgraded the outlook for the first time in seven months.

Key Highlights via Reuters:

“The government left unchanged its assessment that consumer spending is “recovering” as spending on flat-panel TVs, home electronics, and dining out remains firm.

The Cabinet Office stuck with its view that industrial output and capital expenditure are gradually expanding.

The Cabinet Office also left unchanged its assessment that the labor market is clearly improving, as labor demand is the strongest in more than four decades.”