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MNI BRIEF: Japan Govt Keeps Overall Econ View, Cuts Production

TOKYO (MNI)

The output downgrade was the first since November 2021.

True

Japan's government left its main economic assessment unchanged from the previous month for the third consecutive month but lowered its assessment on production for the first time since November 2021, the Cabinet Office said on Monday.

“The Japanese economy shows movements of picking up,” the assessment said in language unchanged from the previous month. But the government said that industrial production “appears to be pausing for picking up.” The previous view was that industrial production “shows movements of picking up,” (See: MNI STATE OF PLAY: BOJ's Kuroda Makes It Clear On Yen, Yields.)

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Japan's government left its main economic assessment unchanged from the previous month for the third consecutive month but lowered its assessment on production for the first time since November 2021, the Cabinet Office said on Monday.

“The Japanese economy shows movements of picking up,” the assessment said in language unchanged from the previous month. But the government said that industrial production “appears to be pausing for picking up.” The previous view was that industrial production “shows movements of picking up,” (See: MNI STATE OF PLAY: BOJ's Kuroda Makes It Clear On Yen, Yields.)

Keep reading...Show less