ID :
65040
Wed, 06/10/2009 - 13:23
Auther :
Shortlink :
https://oananews.org//node/65040
The shortlink copeid
Japan's April key economic gauge marks 1st rise in 11 months
TOKYO, June 9 Kyodo - Japan's key gauge of the current state of the economy in April marked the first rise in 11 months, the government said Tuesday, adding to signs that the economy has been recovering from the worst recession since the end of World War
II.
The composite index, or CI, of coincident economic indicators gained 1.0 point
from the previous month to 85.8 against the 2005 base of 100, the Cabinet
Office said in a preliminary report that also underlined strength in some
indicators concerning industrial output.
The headline reading matched the average market projection in a Kyodo News survey.
The office upgraded its basic assessment for the first time in nine months,
saying the Japanese economy has been ''worsening'' but that some signs of the
economy ''ceasing to fall'' are seen.
Based on the upward revision, the government will consider lifting its
assessment of the Japanese economy for the second straight month in its monthly
economic report for June to be released later this month, government sources
said.
In the May report, the government said, ''While the economy is in a difficult
situation, the pace of deterioration has become moderate.''
The government could leave out the word ''deterioration'' from the upcoming
report. If it does, it will be the first time in the seven months since last
November, the sources said.
The CI consists of various indicators such as industrial production, overtime
work hours and retail sales.
In April, indicators related to production such as those of industrial
shipments and large-lot electricity use marked major gains.
As for prospects, there remain brighter aspects, the office said.
The index of leading indicators, which predicts developments over the next
several months, came to 76.5, up 1.0 point for the second straight month of
advance.
The future indicators such as consumer confidence and business outlook for
small and midsize companies suggested some improvement, the report said.
The index of lagging indicators, meanwhile, slid 1.4 points to 86.1. It
measures economic performance in the recent past.
==Kyodo
II.
The composite index, or CI, of coincident economic indicators gained 1.0 point
from the previous month to 85.8 against the 2005 base of 100, the Cabinet
Office said in a preliminary report that also underlined strength in some
indicators concerning industrial output.
The headline reading matched the average market projection in a Kyodo News survey.
The office upgraded its basic assessment for the first time in nine months,
saying the Japanese economy has been ''worsening'' but that some signs of the
economy ''ceasing to fall'' are seen.
Based on the upward revision, the government will consider lifting its
assessment of the Japanese economy for the second straight month in its monthly
economic report for June to be released later this month, government sources
said.
In the May report, the government said, ''While the economy is in a difficult
situation, the pace of deterioration has become moderate.''
The government could leave out the word ''deterioration'' from the upcoming
report. If it does, it will be the first time in the seven months since last
November, the sources said.
The CI consists of various indicators such as industrial production, overtime
work hours and retail sales.
In April, indicators related to production such as those of industrial
shipments and large-lot electricity use marked major gains.
As for prospects, there remain brighter aspects, the office said.
The index of leading indicators, which predicts developments over the next
several months, came to 76.5, up 1.0 point for the second straight month of
advance.
The future indicators such as consumer confidence and business outlook for
small and midsize companies suggested some improvement, the report said.
The index of lagging indicators, meanwhile, slid 1.4 points to 86.1. It
measures economic performance in the recent past.
==Kyodo
