Japan maintains economy assessment as 'worsening rapidly'Christian Fernsby ▼ | May 29, 2020
The Japanese government on Thursday maintained its assessment of the economy in May as 'worsening rapidly' amid the coronavirus pandemic.
Assessment Japan factory
The government kept the overall assessment after downgrading it in March and April.
By main components, the report of May downgraded the assessments of three, including exports, out of 11.
The assessments of components such as private consumption, industrial production and corporate profits were unchanged.
However, the report showed some positive signs as the assessment of imports was upgraded for the first time since December 2017.
As to short-term prospects, the report said in its assessment that although the tough circumstances are "expected to remain," social and economic activities "will be resumed gradually." ■