Japan’s Nishimura: Economy showing signs of pickup

Responding to the Q2 GDP report, Japanese Economy Minister Nishimura noted that the economy is showing signs of recovery.

Additional quotes

“Downward revision in capex underscores worsening corporate profits, uncertainty on outlook.”

“Some positive corporate spending to adapt to a new lifestyle is seen, such as capex to boost production capacity, spending on telecom equipment.”

“Household income is rising so the economy likely to continue recovering but must watch impact on the renewed rise in infection numbers, hot temperatures on consumption.”

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