Japan government keeps positive economy view

Japan government keeps positive economy view

Japan's government kept maintaining its positive view on the national economy. It signaled the Japanese country is on the way to match its second greatest period of economic expansion after WWI,  indicating its confidence over a solid, domestic demand-led recovery.

In its monthly report for August issued on Monday, the Japanese government told that the country’s economy keeps reviving modestly as a trend. The given view has been kept for three straight months in a nod to ascending signs of strength in capital spending and consumption.

The Japanese government also offered a moderately more positive view on public investment compared with a month ago, thus reflecting a leap in public works projects funded by the previous year's supplementary budget.

The Japanese authorities kept intact its view that exports, capital expenditure and output were gaining and its assessment that consumption was rising moderately.



This economic indicator is highly important for the Bank of England’s monetary policy because it is used as the central bank’s inflation target.


Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

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