Economic Judgment “Still tough but picking up” Government Monthly Economic Report 18:34 July 22
The government released this month's monthly economic report and stated that it was "still in a difficult situation, but there are signs of picking up recently" due to the impact of the new coronavirus. The judgment was revised upward as private consumption is picking up.
The government summarized the monthly economic report for this month at the relevant ministerial meeting on the 22nd. As a result, the "employment situation" was "weakly moving due to the influence of infectious diseases," and we left the judgment so far.
This is because the unemployment rate increased in May and the unemployment rate worsened to 2.9%.
On the other hand, as for “individual consumption,” it is said that “recently picking up recently” because the sales of dining out are recovering and the sales of major home appliances such as air conditioners and TVs have exceeded last year. We have revised upwards for consecutive months.
It is said that the progress of uniform cash payment of 100,000 yen also supports consumption.
In addition, "export" has been "stopped down" and "corporate production" has "some signs of picking up recently."
In light of these, the government stated that this month's economic judgment was "still in a difficult situation, but there are signs of picking up recently."
The economic judgment was "rapid deterioration" until May, but it has been revised upward for the second consecutive month.
As for the outlook, it is necessary to pay attention to the impact of infectious diseases on domestic and overseas economies.