Japan's government maintains economic assessment despite US trade policy risks

Dhwani Mehta FXStreet

In its quarterly review of regional economic conditions across the country, the Japanese government maintained its overall economic assessment, warning of increasing downside risks due to US trade policies, per Xinhua News Agency.

Additional takeaways

Private consumption is gradually recovering,
Production activity remains on a path to recovery, albeit at a slower pace.
Employment conditions are slowly improving, but businesses continue to face acute labor shortages.
Expect a moderate recovery supported by improving employment and income environments.

Market reaction

At the tme of writing, USD/JPY is trading just under the 140.00 level, down 0.63% on the day. The relentless US Dollar selling and a resilient Japanese economy contribute to the latest leg down in the pair.

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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