Japan’s Govt: Economy continues to recover moderately in August

In its monthly economic report released earlier on the day, the Japanese government maintained its moderately optimistic view on the economy, in the wake of increase in private consumption and capital expenditure.

The Cabinet office report read:

“Japan’s economy continues to recover moderately as a trend.” 

“Public investment is moving on a firm note.”

The government kept intact its view that capital expenditure, exports and output were “picking up,” as well as its assessment that consumption was “picking up moderately.”