Japan sees easing economic damage, raises outlook

19.06.2020 - Evdokimov Roman
Japan sees easing economic damage, raises outlook

Japan raised its economic outlook in June for the first time in two years. This followed after the government monitored that the economic drag brought by the novel coronavirus pandemic had nearly come to an end.

The country’s report for June indicated that the economy is still under an extremely severe situation as the pandemic presses further. However, it halted from declining.  Though the economy is likely to slide into its sharpest postwar slump, the government’s positive outlook was drawn from upbeat consumer spending and business sentiment.

Prime Minister Shinzo Abe declared the emergency in April, mandating people to stay home and businesses to close to contain the spread of the novel coronavirus.

“The economy is still on a slightly downward trend but the sharp deterioration has ended,” said an official at the Cabinet Office, suggesting that any economic pick-up heavily depends on employment and salary rates.  

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or Market Solutions limited." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?