- Cuts overall economic view due to pullback in demand after tax hike
- Impact of sales tax hike within expectations and likely to be a one-off
- Cuts view on private consumption, housing investment, factory output and imports
- Exports are flat
- Industrial production almost flat
- Business investment picking up
- Consumer prices rising moderately
The Japanese economy is on a moderate recovery trend, while some weak movements are seen lately due to a reaction after a last minute rise in demand before a consumption tax increase
These are details of the monthly economic report from Japan’s cabinet office.
No affect on USD/JPY which is steady at 102.00
