Government: June Report and Spending Trends

government: In its May report, the government said that the economy is on a moderate recovery, while referring to delayed improvement in some sectors, according to The Japan Times. As personal consumption has been picking up, the government is seen removing the phrase, delayed improvement, from its basic economic assessment in the June report. The revision will reflect solid personal spending, the sources said. Economic and fiscal policy minister Nobuteru Ishihara is scheduled to submit the June report at a meeting of relevant ministers on Thursday. In the June report, the government is expected to paint a brighter picture of personal expenditures, the sources said. The synthetic consumption index, a gauge used by the Cabinet Office to track personal spending trends, stood at 105.5 in April, the highest level since April 2014, when Japan raised its consumption tax to 8 percent from 5 percent. (news.financializer.com). As reported in the news.