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- Japanese economy watchers’ assessment of current economic conditions worsens sharply in August
Japanese economy watchers’ assessment of current economic conditions worsens sharply in August
Japan's
Cabinet Office reported on Wednesday that its Economy Watchers Survey showed that
an assessment of the current economic conditions worsened sharply in August
According
to the survey, the Economy Watchers’ index for current conditions fell 13.7 points
to 34.7 in August (on a seasonally adjusted basis). This was the lowest level
since January. The reading for the previous month was unrevised at 48.4.
Any
reading above 50 indicates optimism and a reading below 50 suggests pessimism.
Meanwhile,
the Economy Watchers’ outlook index, an assessment of future economic
conditions, went down to 43.7 in August from 47.7 in July.
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