ANL 22.45 Decreased By ▼ -0.65 (-2.81%)
ASC 15.96 Decreased By ▼ -0.14 (-0.87%)
ASL 22.40 Increased By ▲ 0.15 (0.67%)
BOP 8.40 Decreased By ▼ -0.15 (-1.75%)
BYCO 8.80 Decreased By ▼ -0.16 (-1.79%)
FCCL 17.91 Decreased By ▼ -0.16 (-0.89%)
FFBL 24.95 Increased By ▲ 0.50 (2.04%)
FFL 17.32 Decreased By ▼ -0.58 (-3.24%)
FNEL 8.23 Decreased By ▼ -0.17 (-2.02%)
GGGL 21.43 Decreased By ▼ -0.66 (-2.99%)
GGL 41.20 Decreased By ▼ -1.98 (-4.59%)
HUMNL 7.05 Increased By ▲ 0.03 (0.43%)
JSCL 20.35 Decreased By ▼ -0.50 (-2.4%)
KAPCO 37.96 Increased By ▲ 0.06 (0.16%)
KEL 3.55 Decreased By ▼ -0.06 (-1.66%)
MDTL 2.99 Decreased By ▼ -0.01 (-0.33%)
MLCF 36.67 Increased By ▲ 0.37 (1.02%)
NETSOL 151.40 Decreased By ▼ -1.90 (-1.24%)
PACE 5.85 Decreased By ▼ -0.13 (-2.17%)
PAEL 31.10 Decreased By ▼ -0.10 (-0.32%)
PIBTL 9.31 Decreased By ▼ -0.05 (-0.53%)
POWER 7.91 Increased By ▲ 0.01 (0.13%)
PRL 20.25 Decreased By ▼ -0.60 (-2.88%)
PTC 10.34 Decreased By ▼ -0.06 (-0.58%)
SILK 1.71 Increased By ▲ 0.04 (2.4%)
SNGP 44.67 Increased By ▲ 1.48 (3.43%)
TELE 22.20 Increased By ▲ 0.14 (0.63%)
TRG 174.60 Increased By ▲ 1.10 (0.63%)
UNITY 35.60 Decreased By ▼ -0.60 (-1.66%)
WTL 3.18 Decreased By ▼ -0.07 (-2.15%)
BR100 4,961 Decreased By ▼ -18.06 (-0.36%)
BR30 24,423 Decreased By ▼ -37.02 (-0.15%)
KSE100 46,528 Decreased By ▼ -107.87 (-0.23%)
KSE30 18,422 Decreased By ▼ -58.36 (-0.32%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,246
4024hr
Pakistan Cases
1,226,008
2,16724hr
4.22% positivity
Sindh
450,787
Punjab
422,790
Balochistan
32,769
Islamabad
104,242
KPK
171,388
World

Japan maintains economic assessment in July report

  • They said Japan's exports were gradually increasing due to a recovery of overseas economies
19 Jul 2021

TOKYO: Japan kept the overall assessment of its economy unchanged for a second straight month in July, retaining the view that conditions remain severe due to the impact of the coronavirus pandemic.

In a monthly report approved by Prime Minister Yoshihide Suga's cabinet on Monday, the government said full attention should be given to the way infection trends are affecting the domestic economy as well as those abroad.

"The economy shows increased weakness in some parts, though it continued picking up amid severe conditions due to the coronavirus," the government said in its July assessment of economic conditions.

Authorities kept their view of key economic components such as private consumption - which accounts for more than half of gross domestic product (GDP) - as well as exports and output unchanged.

Pfizer pushes for 3rd shot as variant drives global outbreaks

They said Japan's exports were gradually increasing due to a recovery of overseas economies.

The government raised its assessment of business conditions for the first time in four months, largely because the Bank of Japan's tankan business sentiment survey for April-June showed signs of recovery in business conditions.

Authorities now describe business conditions as showing signs of picking up, although they say conditions remain severe in some areas. That was a notch better than the prior month's assessment, when they said a pickup in business conditions was stalling.

Japan's economy likely barely grew in the second quarter, a Reuters poll showed last week, as it struggled with the fallout from coronavirus curbs in Tokyo and other major areas of economic activity, especially private spending.

The government will release a preliminary estimate for second-quarter GDP on Aug. 16.

A fresh state of emergency in Tokyo that will run through the Olympic Games until Aug. 22 is expected to hurt economic growth this quarter.

Analysts expected Japan's economy to grow an annualised 4.2%, down from a 4.6% expansion projected last month.

Comments

Comments are closed.