Japan maintains overall economic assessment for the month of May

  • The government notes that the economy is still recovering at a moderate pace, although it does appear to be stalling recently

This is a third month in a row that the above assessment is maintained. But the government did upgrade its assessment on factory output for the first time in a year, noting that it is showing signs of picking up as production may have bottomed out.

There were no revisions to the outlook for private consumption and capital expenditure.

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