Monthly economic report "Emergency judgment maintenance also needs attention of new virus" February 20 18:24
The government has maintained its judgment that economic conditions are "recovering moderately" in its monthly economic report this month. However, we are increasingly cautious about the economic outlook, as we need to pay close attention to the economic impact of the spread of the new coronavirus.
The monthly economic report, which shows the official government's perception of the economy, was compiled at the relevant ministerial meeting on the 20th.
As a result, imports were downgraded for the first time in one year and one month, as the number of personal computers etc. is decreasing, and the judgment is "weak recently".
On the other hand, "consumer spending" has been picking up and "employment conditions" have been "improving", all of which have been left unchanged.
Based on these, the overall economy was judged to be "although the weakness in exports continues to be weak, especially in the manufacturing industry, but the economy is recovering moderately." Although the wording has been partially changed, the judgment of "recovering slowly" has been maintained.
However, he is increasingly cautious about the outlook for the economy, saying that it is necessary to pay close attention to the effects of the new coronavirus infection on the domestic and foreign economies. In the future, if the effects of the spread of infection are prolonged, the Japanese economy is expected to become even more severe.