MNI BRIEF: Japan Govt Cuts Overseas Outlook On China Slowdown

Japan's government on Wednesday tweaked its main economic assessment from the previous month but left its assessment unchanged, and lowered its assessment of overseas economic activity due to a slower Chinese economy, the Cabinet Office said on Wednesday.

"The Japanese economy shows movements of picking up," and deleting “as the severe situation due to the novel Coronavirus is easing,” the outlook said, the first time that the government deleted the Covid-19 wording since the pandemic was declared, (See MNI: Japan Govt Ups Overall Econ View, Private Consumption).

Although a standstill is seen in one region," the outlook said referring to China, for the first downward revision in 25 months, and changed its view on price from rising "moderately" to “consumer prices have been rising recently.”