Japanese government reportedly considering to revise down economic assessment in May

Author: Justin Low | Category: News

Reuters reports, citing a government source on the matter

The report says that Japan's government is considering revising down its economic assessment in its monthly report due next week as US-China trade tensions continue to take a toll on exports and factory output.

As it stands, the government's assessment is that the Japanese economy is still 'recovering gradually' so just watch out for any change in that stance. For some context, the government already made a minor downgrade to their assessment in March; the first time it has done so in over three years.

If they do so again here, it would cast further doubt on Abe's plans to raise the sales tax in October. From earlier this week:

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose