recovery trend: However, the report maintained its earlier assessment on capital spending, saying the improvement in business investment appears to be pausing . With the world's third largest economy to combat persistent deflation, weak consumer and corporate spending has been a difficult problem for the Abe administration, according to Global Times China. On Tuesday, the Bank of Japan, the country's central bank, upgraded its economic assessment saying a moderate recovery trend has continued while exports have picked up. The cabinet office on Wednesday released the monthly economic report for December, saying The Japanese economy is on a moderate recovery . The report said delayed improvement in part can be seen instead of weakness can be seen recently which had been used for nine straight months through November. However, the bank noted that in spite of an upbeat overall assessment based on a flurry of better-than-expected economic data recently, its reflationary efforts still remained pressured. The report also reminded of uncertainties of overseas economy as it is currently difficult to tell details of economic policies of the US President-elect Donald Trump .
(news.financializer.com). As
reported in the news.
Tagged under recovery trend, cabinet office topics.