Japan Upgrades its Economic Assessment

Japan’s government upgraded its assessment of the economy in September for the seventh time this year because of rising capital expenditure, in another sign Prime Minister Shinzo Abe’s reflationary policies are boosting growth.

The upgrade in the monthly economic report suggests the government sees the economy as strong enough to handle scheduled sales tax increases, although it did moderate its views on consumer spending and exports.

On deflation, the government’s view was unchanged from August, saying Japan is approaching an end to deflation as consumer prices excluding fresh food and energy were firming up.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.