The Japanese government kept unchanged its assessment that the Asian country’s economy shows signs of growth, in the June monthly report released on Monday (20).
The document, however, indicated that industrial production had stopped advancing, the first change in seven months.
According to the analysis, private consumption, business investment and employment are expanding, while exports are stagnant. Corporate profits have increased overall, although there are still signs of “weakness”.
Consumer prices are also on the rise, according to the text.
The Japanese government has warned of a number of risks to economic activity, including rising raw material prices, supply bottlenecks and volatility in financial markets. Tokyo also drew attention to “concerns” about the prolonging of the war in Ukraine and the slowdown in the Chinese economy.
In this scenario, the authorities are committed to maintaining “bold” and “flexible” monetary and fiscal policies, with a focus on economic growth.
“Macroeconomics will be managed flexibly, without hesitation, to achieve autonomous growth led by private demand and to break with deflation,” says the report, which adds that Banco do Japan (Boj) follows with relaxed policy.
Source: CNN Brasil
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