- Japanese government maintains overall assessment of its economy in August
Market news
28 August 2023
Japanese government maintains overall assessment of its economy in August
In its monthly outlook report for August, the Japanese government keeps the overall assessment of its economy intact.
Key quotes
The economy is still viewed as recovering at a moderate pace.
Private consumption is picking up.
Business investment is picking up.
Industrial production shows signs of picking up.
Corporate profits are improving moderately as a whole.
The employment situation shows movements of improvement.
Consumer prices are rising.
Market reaction
USD/JPY is paring back gains to trade near 146.50 on the above report. The spot is up 0.10% on the day.
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