The government compiled its August monthly economic report and left the judgment that the economy as a whole was "continuing to pick up, but weakening in some areas."
Regarding the outlook, based on the spread of infection, "it is necessary to pay close attention to the increased risk of downside."
The government compiled this month's monthly economic report at the relevant ministerial meeting held on the 26th.
According to this, the previous judgment that the economy as a whole is "although it is still in a difficult situation and is continuing to pick up, but weaknesses are increasing in some areas" has been left unchanged.
This is the same decision from May.
By item,
▽ “Capital investment” is “recovering” due to plans for aggressive investment centered on the environment and digital.
On the other hand,
▽ "Personal consumption" has been sluggish since the beginning of this month, and "it is a weak movement centered on service spending."
In addition,
regarding ▽ "import", the demand for personal computers, etc., which had been increasing for teleworking, seems to have stopped, so we lowered the judgment that "the movement to pick up has been stalled recently".
On top of that, in light of the fact that emergency declarations have been issued in various places, the outlook is raising caution about the impact of the new coronavirus on the economy, saying that "it is necessary to pay close attention to the increased downside risk due to the spread of infection." ..