FXstreet.com (Barcelona) - Japan's government released its monthly economic report, highlighting once again that the economy continues to show signs of a self-sustaining recovery.
The top headlines included the raised economic assessment for a 3rd consecutive month, further evidence that deflation is abating, a more optimistic view on Capex for the first time in 4 months, raised prospects on factory output as well as business sentiment as confidence strengthens due to a more competitive exports industry on a much cheaper yen.
According to the Japanese Cabinet Office in its monthly economic report on Tuesday: "The economy is steadily picking up and it shows some movement towards a self-sustainable recovery. Recent price developments indicate that deflation is easing."
However, there is much work to be done before a more robust recovery is achieved, the Cabinet Office said, adding "we need further recovery in firms' capital spending and the income situation."
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=0ed1576d-060c-40c5-a179-27293ff5695a
The top headlines included the raised economic assessment for a 3rd consecutive month, further evidence that deflation is abating, a more optimistic view on Capex for the first time in 4 months, raised prospects on factory output as well as business sentiment as confidence strengthens due to a more competitive exports industry on a much cheaper yen.
According to the Japanese Cabinet Office in its monthly economic report on Tuesday: "The economy is steadily picking up and it shows some movement towards a self-sustainable recovery. Recent price developments indicate that deflation is easing."
However, there is much work to be done before a more robust recovery is achieved, the Cabinet Office said, adding "we need further recovery in firms' capital spending and the income situation."
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=0ed1576d-060c-40c5-a179-27293ff5695a
No comments:
Post a Comment