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Free AccessMNI 5 THINGS: Japan Feb Sentiment Rises on Higher Retail Sales
--Japan Feb Econ Watchers Current Index 47.5; Jan 45.6
--Japan Feb Watchers Current Index Posts 1st Rise in 3 Months
--Japan Feb Watchers Outlook Index 48.9; Jan 49.4
--Japan Feb Watchers Outlook Index Posts 1st Drop in 2 Months
--Japan Govt Ups View: Moderate Recovery Continues
TOKYO (MNI) - Japan's current sentiment index rose in February for the
first rise in three months, thanks to stronger items linked to retails sales,
services and housing, a key government survey released Friday showed.
The survey indicates whether respondents with jobs most sensitive to
economic conditions -- taxi and truck drivers, department-store sales staff and
restaurant and shop owners -- think economic conditions have improved or
worsened from three months prior.
These are the key points from the latest monthly Economy Watchers Survey,
conducted by the Cabinet Office between Feb. 25 and Feb. 28.
--The Economy Watchers sentiment index for Japan's current economic climate
rose 1.9 points to 47.5 in February on a seasonally adjusted basis, the first
rise in three months after falling 1.2 points to 45.6 in January. The index
remains below the key level of 50.
--The Watchers outlook index showed sentiment over outlook two to three
months ahead marked the first drop in two months, down 0.5 points to 48.9 on the
back of weaker outlook for eating and drinking services.
--The Cabinet Office upgraded its overall economic assessment based on the
Economy Watchers Survey, saying, "a moderate recovery continues." The government
previously said that a moderate recovery continues but was "marking time."
--"Looking ahead, there are concerns over uncertainty over the global
economy but there are expectations for (higher sales and businesses) linked to
the era name change and the planned holidays (from April 27 to May 6)," the
Cabinet Office said.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MAJDS$,M$A$$$,M$J$$$]
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.