Nishimura commenting following the release of the very poor eGDP numbers earlier:
Comments:
- Japan's economy in severe state but GDP contraction smaller than Europe, US economies
- hope recovery in US, Europe, Chinese economies drive up japan exports
- will respond as needed while watching developments of coronavirus and economy and impacts on people's livelihood
- consumption of goods, services showing signs of pickup
- govt will continue to do utmost to put Japan's economy on recovery path after it bottomed out in April, May
- will support employment with subsidies and back private consumption
- will take all possible policy steps to bring economy back on track to domestic demand-led growth
Reprinted from Forexlive，the copyright all reserved by the original author.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Like this article? Show your appreciation by sending a tip to the author.
Leave Your Message Now