Japan Cabinet Office monthly report-lowers assessment of economy

Japan lowers its assessment of the economy. Makes sense.

via Reuters :

• Japan's government lowered its economic assessment
• Highlighted risks posed by China and a U.S. interest rate hike
• Said in its September report that Japan's economy was on track to recover but acknowledged some parts of the economy had slowed
• Less optimistic tone versus last month ... consumer spending, exports and capital expenditure proved disappointing
• The Cabinet Office did not use the word "downgrade" in its monthly report, but a government official told reporters its assessment was more pessimistic compared to last month

Reuters with the headlines