Japan's government maintained its overall economic assessment in April and continues to see a moderate recovery on the back of the improvement in the corporate sector, the monthly economic report from the Cabinet Office revealed Monday.
Private consumption was judged as holding firm and business investment nearly flat, same as in the March report. Both exports and industrial production were seen picking up as earlier.
The government retained its view of improvement in corporate profits and reiterated that signs of improvement can be seen in some areas even as firms' judgement on current business conditions remain almost flat.
Employment was seen trending toward improvement while consumer prices were seen flat, both views unchanged from March.
"Concerning short-term prospects, the economy is expected to recover, supported by the effects of downfall in oil prices and the effects of the policies, while employment and income situation show a trend toward improvement," the report said.
"However, attention should be given to the downside risks of the Japanese economy including slowing down of overseas economies."
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