- Analytics
- News and Tools
- Market News
- Japan upgrades economic view for first time in 17 months in December
Japan upgrades economic view for first time in 17 months in December
In its December economic assessment, the Japanese government upgraded the overall economic assessment for the first time in 17 months, per Reuters.
Key takeaways
Japan raises view on private consumption for the second straight month as service spending recovers, car sales rebound.
Japan raises views on business conditions, employment; cuts views on capex, housing construction.
"The economy is picking up as severe conditions due to the coronavirus are gradually easing.”
“But the government said it was necessary to "closely monitor" any risk from coronavirus variants such as Omicron on economies and financial markets.”
Market reaction
The Japanese yen fails to benefit from the upbeat report, as USD/JPY flirts with daily highs of 113.78, up 0.16% on the day.
© 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
