MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise
MNI (TOKYO) - Japan's sentiment and outlook indices two-three months ahead posted their first rise in three months in November but the government left its assessment unchanged, the Economy Watchers report released by the Cabinet Office showed Monday.
The index linked to households rose but those focused on business and labour-market conditions fell.
The Economy Watchers sentiment index for the current economic climate stood at a seasonally adjusted 49.4 in November, down from 47.5 in October.
The outlook index for two to three months ahead rose 1.1 points to 49.4 in November from 48.3 in October. The indexes linked to households, businesses and labour market conditions rose.
“The economy is recovering moderately as a trend. Looking ahead, a moderate economic recovery is likely to continue, although there is concern over the impact of high prices,” the government repeated.