In this month's monthly economic report, the government lowered its overall economic judgment for the first time in 10 months, saying that consumer spending was weakening due to the state of emergency.
The government compiled this month's monthly economic report at a meeting of relevant ministers on the 19th.
According to this, "individual consumption" has been "weakened recently" from the previous expression "the movement to pick up is stalled", saying that consumption related to eating out has dropped further due to the influence of the state of emergency. Has been revised downward.
The downward revision of the judgment of "personal consumption" has been for the third consecutive month.
On the other hand, "corporate capital investment" has been revised upward from the previous expression "stopping down" to "moving to pick up", saying that automobile-related investment is increasing.
“Import” has been revised upward from “generally flat” to “moving to pick up”, as imports of home appliances are increasing against the backdrop of “needing demand”.
However, the government has revised down the judgment of the economy as a whole for the first time in 10 months, saying that the decline in "personal consumption" will have a large impact on the Japanese economy. However, some weaknesses are seen. "
Regarding the outlook for the economy, "it is necessary to pay close attention to the increased downside risk due to the spread of domestic and foreign infections."