In its monthly economic report for this month, the government judged the economy to be "recovering moderately."
The decision is the same as before, but we are becoming more wary of fluctuations in the financial markets, such as the depreciation of the yen.
According to this month's report compiled at a meeting of relevant ministers on the 30th, it was judged that "personal consumption" was "recovering moderately."
While the tendency to save money continues due to rising prices, the spread of infection has calmed down, and there are signs of improvement in sales at restaurants and occupancy rates at lodging facilities.
"Corporate earnings are improving on the whole, although there are weaknesses in some areas."
Although small and medium-sized enterprises have been unable to sufficiently pass on higher raw material prices and their operating profits have decreased, we believe that the weaker yen is pushing up ordinary profits, especially for large companies.
Based on these developments, the overall economic outlook is the same as last month, with a "gradual recovery."
On the other hand, as for the future, he cited the downside of overseas economies due to global monetary tightening as a risk.
In addition, it is necessary to pay close attention to the effects of rising prices and fluctuations in financial markets, such as the recent rapid depreciation of the yen.