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MNI: Japan Govt Aide: Private Consumption To Recover In Q2

(MNI) Tokyo
(MNI) TOKYO

The Japanese economy and consumption will rebound over Q2, according to the Cabnet Office.

The Japanese economy and private consumption will likely recover in or after the second quarter as temporary factors weighed them down over Q1, a senior official at the Cabinet Office said on Thursday, pointing to the suspension of automobile production and shipments in addition to the Hokuriku region earthquake.

"Private consumption is also weighed down by high prices,” the official told reporters.

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The Japanese economy and private consumption will likely recover in or after the second quarter as temporary factors weighed them down over Q1, a senior official at the Cabinet Office said on Thursday, pointing to the suspension of automobile production and shipments in addition to the Hokuriku region earthquake.

"Private consumption is also weighed down by high prices,” the official told reporters.

Keep reading...Show less