January Economic Trend Index Baseline Judgment Declined for Sixth Consecutive Month 17:15 on March 6
The Cabinet Office announced the Economic Trends Index for January, and the trend of economic conditions was “deteriorating” for six consecutive months.
As a result of the Cabinet Office's announcement, the economic trend index for January was 94.7, indicating that the “conformity index”, which indicates the current state of the economy, was 100 compared to 2015, up 0.3 points from the previous month.
In January, car production and shipments increased, and sales of PCs and food and beverage retailers increased, which had a positive effect.
However, partly because the rise was only modest, the judgment of the economic trend, which is derived mechanically from the movement of the index, was "deteriorated", indicating that the possibility of a recession is high.
The judgment of “deterioration” is for six consecutive months.
The Cabinet Office stated that the January index did not reflect the impact of the spread of the new coronavirus infection.
However, as the impact of the spread of infection spreads to consumption sites and corporate activities, it is expected that economic statistics to be released in the future will deteriorate, and the official in the monthly economic report that the government says that it is `` slowly recovering '' It will be noticed how to change the economic judgment of Japan.