The downshift in the view on exports is the first in 7 months
- From Japan’s government October economic report via Reuters report
Noting:
- Asia-bound shipments of cars and electronic parts peaked out amid supply chain constraints and China’s economic slowdown
- the government maintained its overall economic assessment, pointing to signs of recovery in private consumption, especially in service spending, as a COVID-19 state of emergency was lifted thanks to a sharp fall in nationwide infection numbers.
- ”The economy continues to pick up but the pace of recovery is slowing”
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Japan’s new PM Kishida has dissolved the lower house of parliament, in readiness for the October 31 general election. Kishida’s party will likely compile a large stimulus package to help along the economic recovery from the pandemic.
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