Welcome, Guest. Please login or register.

Author Topic: Japanese Govt Upgrades Economic Assessment  (Read 509 times)

0 Members and 1 Guest are viewing this topic.

godoftrading

  • Full Member
  • ***
  • Posts: 119
  • Karma: 4
    • View Profile
Japanese Govt Upgrades Economic Assessment
« on: June 18, 2009, 08:45:19 AM »
TOKYO (Kyodo)--The government on Wednesday upgraded its assessment of the Japanese economy for the second month in a row and deleted the phrase meaning deterioration from its report for the first time in seven months, citing signs of recovery in exports and industrial production.

''While the economy is in a difficult situation, movements toward picking up are seen in some areas,'' the Cabinet Office said in its monthly report for June, in the latest indication that the worst of the recession may be over.

The government had used the expression indicating a downturn to describe the state of the economy since last December.

In May, it said, ''While the economy is in a difficult situation, the pace of deterioration has become moderate,'' raising its overall economic assessment for the first time since February 2006. In the previous three months, it said the ''economy is worsening rapidly while in a severe situation.''

In its June report, the office said the prospects for the economy amid the harsh employment situation are ''likely to remain severe for the time being.''

http://www.nni.nikkei.co.jp/e/fr/tnks/Nni20090617D17JF869.htm
_________________
http://zantrio.com
http://millennium-traders.com
http://swing-trading.com

Tags:
 

Related Topics

  Subject / Started by Replies Last post
0 Replies
1778 Views
Last post September 19, 2007, 11:56:24 AM
by The Web Team
0 Replies
944 Views
Last post September 24, 2008, 04:52:14 PM
by MTnews
0 Replies
860 Views
Last post October 03, 2008, 04:50:53 PM
by MTnews
0 Replies
735 Views
Last post January 05, 2009, 04:51:25 PM
by MTnews
0 Replies
733 Views
Last post February 06, 2009, 04:08:29 PM
by MTnews
0 Replies
1192 Views
Last post February 10, 2009, 05:01:08 PM
by Stock Spam
0 Replies
705 Views
Last post April 06, 2009, 11:01:19 AM
by godoftrading
0 Replies
686 Views
Last post July 31, 2009, 04:27:44 PM
by MTnews
0 Replies
727 Views
Last post September 02, 2009, 03:51:37 PM
by MTnews
0 Replies
724 Views
Last post September 17, 2009, 10:39:40 AM
by godoftrading