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MNI: Japan's Govt Maintains Economic Outlook, Cuts Output View

(MNI) Tokyo
(MNI) TOKYO

Japan's government lowered its outlook for industrial production and corporate profits despite keeping its assessment of the domestic and overseas economies unchanged, the Cabinet Office said on Wednesday.

“The Japanese economy is picking up moderately, although some weakness is seen," the government said. The updated assessment said the world economy continues to recover moderately, “although some weaknesses have been seen in some regions" such as Thailand and Germany.

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Japan's government lowered its outlook for industrial production and corporate profits despite keeping its assessment of the domestic and overseas economies unchanged, the Cabinet Office said on Wednesday.

“The Japanese economy is picking up moderately, although some weakness is seen," the government said. The updated assessment said the world economy continues to recover moderately, “although some weaknesses have been seen in some regions" such as Thailand and Germany.

Keep reading...Show less