Motegi referring to the data just released. I am adding commentary to that post along the lines that Motegi is referring to:
- Floods
- Earthquake
post is here:
Reuters report his comments:
- No change to view Japan's economy recovering moderately
- GDP contraction due to temporary hit to consumption from natural disasters, export decline
- Expects Japan's economy to continue recovery driven mainly by private demand
- Must be vigilant to impact on economy from overseas uncertainties, market volatility and trade woes
- Govt to conduct flexible economic, fiscal policy with eye on domestic, overseas economic developments
- Will make utmost efforts on economic policy ahead of next year's scheduled sales tax hike
more to come