Japan govt: economy picking up, exports better
News On Japan via Reuters -- Apr 12
Japan's government stuck to its assessment that the economy is slowly recovering on Thursday but raised its view on exports, saying overseas shipments are showing signs of stabilising on a moderate pickup in the United States and some return in Asian demand.
It said in a monthly report that the pace of decline in consumer prices has eased but Japan remains in mild deflation, a slight change from the previous report when it just said the economy was in mild deflation.
"The economy is still picking up slowly, while difficulties continue to prevail due to the earthquake," the Cabinet Office said in the report for April, the sixth straight month it has used the same expression.
The government's view is similar to that of the Bank of Japan, which said on Tuesday the economy is showing signs of picking up, while its Governor Masaaki Shirakawa offered an upbeat view on the outlook.
The government said the nation's exports are "levelling off", upgrading its view for the first time since August. It previously said exports were weakening.
Japan posted its first trade surplus in five months in February after shipments to the United States rose at their fastest annual pace in more than a year.
|| Kashiwa stabbing suspect's identity: 'celeb NEET' |
| || The 24-year-old suspect in the murder of a man on a street in Kashiwa, Chiba Prefecture, on Monday is believed to have posted a profile online in which he identified himself as a "celeb NEET," meaning a celebrity without a job, according to local online news site J-Cast News. (Japan Times ) |
|| 24-year-old man arrested over knife attacks in Kashiwa |
| || Police in Kashiwa, Chiba Prefecture, on Wednesday night arrested a 24-year-old unemployed man over four knife attacks within 10 minutes that left one man dead and three others injured on a street. (Japan Today ) |
|| Japan teen girl group AKB48 invites mature applicants |
| || Japanese commercial music juggernaut AKB48 is looking to build on its wildly successful all-girl group by adding a more mature member to its teen-dominated line-up, an advert released Wednesday said.
(digitaljournal.com ) |