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MNI INSIGHT: BOJ Sees Risk Of Slowing Consumer Demand In Q3

(MNI) Tokyo
(MNI) Tokyo

Despite ongoing recovery in Q2, BOJ see a risk that increasing Covid infections and higher prices could subdue consumers.

Bank of Japan officials see a risk that private sector spending could slow in Q3 as the cost-of-living crisis and a fresh rise in Covid cases weigh on sentiment, impeding the recovery from the pandemic after the economy started to pick up in the second quarter, MNI understands.

The latest data from the government showed consumer sentiment fell for a second straight month in July, with measures for the current position and the three-months ahead outlook both under pressure.

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Bank of Japan officials see a risk that private sector spending could slow in Q3 as the cost-of-living crisis and a fresh rise in Covid cases weigh on sentiment, impeding the recovery from the pandemic after the economy started to pick up in the second quarter, MNI understands.

The latest data from the government showed consumer sentiment fell for a second straight month in July, with measures for the current position and the three-months ahead outlook both under pressure.

Keep reading...Show less