Japan's first increase in economic evaluation in three years

Source: Internet
Author: User
Keywords Evaluation
Beijing time May 25 Evening News, the government in 3 years 1st, the first increase in the country's economic evaluation, said that as exports and industrial output close to bottoming, the pace of economic deterioration is slowing.  Before the government issued the review, the Bank of Japan issued an upbeat assessment last week, raising its assessment of the economy and saying that a recovery in global demand would mean that a 4% contraction in the last quarter could be the trough of the recession. But the government has expressed a cautious stance with the central bank on the economic outlook, and has lowered its assessment of employment status in its monthly report.  The report says the current employment situation is grim and deteriorating rapidly. The Japanese government, for the first time since February 2006, has raised its overall assessment of the economy, saying: "The pace of deterioration is already slowing, even though the economy is still in trouble." Earlier, the government said the economy was deteriorating rapidly and the situation was grim. "In the short term, the economy may still be in dire straits as the employment situation continues to deteriorate," the report said. ”
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