Japan keeps economic view intact, lowers assessment of inflation
Tokyo
JAPAN'S government kept its assessment of the economy unchanged in August but offered a slightly more downbeat view on consumer inflation than last month, as prices slid on weak household spending and the strong yen pushed down import costs.
The government left unchanged its assessment that exports and factory output were flat, as well as its view that household spending was moving sideways on static consumer sentiment. "Japan's economy continues to recover moderately, though weakness in some areas can be seen recently," the Cabinet Office said in a monthly report for August released on Wednesday. The assessment was unchanged from last month.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations
Fed’s preferred core inflation gauge rose at a brisk pace in March
Thames water crisis risks £100 billion UK investment plan
Indian central bank issues draft guidelines for web aggregators of loan products