Japan’s government maintains economic assessment after the previous upgrade

Dhwani Mehta FXStreet

The Japanese Cabinet Office said in its monthly report published on Wednesday, the government maintained its economic assessment after the previous month’s upgrade.

Additional takeaways

The Japanese government sees the economy as recovering at a moderate pace, although it remains pausing in part.

Private consumption shows movements of picking up recently.

Business investment shows movements of picking up.

Industrial production shows movements of picking up.

The employment situation shows movements of improvement.

Exports are almost flat.

Consumer prices have been rising moderately.

Market reaction

The Japanese Yen keeps the upper hand against the US Dollar following the report. At the time of writing, the USD/JPY pair is trading 0.47% lower on the day at around 141.75.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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