Japan Keeps July Economic View Unchanged
![](https://japannews.yomiuri.co.jp/wp-content/uploads/2023/04/20230412-OYT1I50121-1.jpg)
The cityscape of Tokyo
20:53 JST, July 26, 2023
TOKYO (Jiji Press) — The government kept its headline economic assessment unchanged in a monthly report released Wednesday, while paying close attention to the impact of corporate wage increases following this spring’s labor-management negotiations.
“The Japanese economy is recovering at a moderate pace,” the Cabinet Office said in the July report, adopting the same basic view for the third straight month.
The focus is on “whether robust wage increases will stimulate private consumption” and other sectors in the future, a Cabinet Office official said in a press briefing.
In May, regular pay for full-time workers grew at the fastest pace since comparable data began in 1993, according to the government agency.
"Business" POPULAR ARTICLE
-
Japanese Companies Increasing Efforts to Hire Foreign Students; Firms, Local Governments Help Them Acquire Skills to Find Jobs in Japan
-
Japan’s Casio to Launch Durable Clothing Range Inspired by G-Shock Brand; Company to Debut Durable T-Shirt in Late August
-
Insufficient Rice Supply Hits Japan; Sever Heat, Rising Demand from Inbound Tourist Among Factors
-
Japanese Firm Hitachi to Release Vacuum Using AR That Turns Cleaning Into a Game; Stressful Cleaning May Become More Enjoyable
-
Sony to Open New Brand Complex Building in Tokyo’s Ginza Next Year; ‘Ginza Sony Park’ to Serve as Brand Hub for Entertainment Businesses
JN ACCESS RANKING