On Thursday, Japan’s Economic Revitalization Minister Yoshitaka Shindo said that Japan’s economy is expected to continue to recover moderately. Shindo further stated that it will pay close attention to risks related to foreign exchange fluctuations, because foreign exchange fluctuations will push up domestic prices.
Main quotes:
The economy is expected to continue to recover moderately.
Risks related to foreign exchange fluctuations that could drive up domestic prices need to be closely monitored.
It is necessary to pay close attention to the risks of global economic downturn, such as China’s economic prospects and crude oil prices caused by instability in the Middle East.
The Government will continue its comprehensive efforts to ensure that solid wage growth trickles down to small businesses.
