- Analytics
- News and Tools
- Market News
- Japan maintains overall economic assessment, says weakness in recovery continues
Japan maintains overall economic assessment, says weakness in recovery continues
The Japanese Cabinet Office announced Thursday that it has kept the economic assessment unchanged in the month of November.
However, the government remained downbeat on the economic recovery.
Key takeaways
“Japan raised its view on consumption for the first time in 13 months as service spending picked.”
“Japan downgraded that on exports and production due to persistent supply issues and a slowdown in China's economy.”
"The economy continues to show weakness in recovery, although severe conditions due to the coronavirus are gradually easing.”
"The pandemic-induced severe situations, such as in foot traffic, have been easing after the lifting of COVID-19 state of emergency curbs," a government official told reporters before the cabinet's approval of the report.
USD/JPY ranges below 115.50
USD/JPY is keeping its range play intact around 115.30, virtually unchanged on the day, as investors remain on the sidelines amid the Thanksgiving Holiday in the US.
The pair hit a fresh four-year high of 115.53 in the US last session following the hawkish Fed official daily and the minutes of the November meeting.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
