However, it downgrades its assessment of the nation's exports
The Cabinet office released its monthly economic report and maintained that the 'economy is recovering at a modest pace'. The assessment is similar to that made since January this year, so nothing really new there.
But the government did decide to downgrade the exports assessment to 'almost flat' from previously being 'recent pause' in exports recovery. It's not a game changer for the yen or Japan's outlook by any means, but it does show that there are some concerns to be had with global trade tensions growing and the US and Japan yet to sort out a trade deal as well.
