In its quarterly review of regional economic conditions across the country, the Japanese government maintained its overall economic assessment, warning of increasing downside risks due to US trade policies, per Xinhua News Agency.
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Additional takeaways
- Private consumption is gradually recovering,
- Production activity remains on a path to recovery, albeit at a slower pace.
- Employment conditions are slowly improving, but businesses continue to face acute labor shortages.
- Expect a moderate recovery supported by improving employment and income environments.
Market reaction
At the tme of writing, USD/JPY is trading just under the 140.00 level, down 0.63% on the day. The relentless US Dollar selling and a resilient Japanese economy contribute to the latest leg down in the pair.
