conditions: Readings below 50 mean more respondents reported conditions worsening than reporting improvement over the past three months, while readings above 50 indicate optimists outnumber pessimists, according to The Japan Times. The index for the direction of economic conditions in the coming months stood at 50.5, up 0.9 point. The diffusion index of sentiment concerning current economic conditions among so-called economy watchers, such as taxi drivers and restaurant employees, rose 1.4 points from May to 50.0, the Cabinet Office said, adding that the result was the highest since December. The government maintained its basic assessment for the second straight month, saying the economy continues to pick up. Midyear gift demand and sales of clothing and personal-use items are solid, a department store operator in western Japan said, as the weather has been good even after the rainy season began. The survey cited an auto dealer in southwestern Japan as saying they had better-than-expected sales thanks to new models.
(news.financializer.com). As
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Tagged under conditions, cabinet office topics.