Japan's economy minister: lower GDP due to natural disasters and exports began to decline

14 Nov 2018 08:13 AM

Japan's Economy Minister Motegi said that the decline in GDP due to natural disasters and exports is gradually declining. His most prominent statements were as follows:

  • The economy is recovering at a moderate pace.
  • The Japanese economy is likely to continue to recover driven mainly by private demand
  • We must be conscious of influencing the country's uncertainties, market volatility and trade concerns.
  • The government should adopt flexible economic and financial policies with a focus on domestic and foreign economic developments.
  • We will make maximum efforts in economic policy before raising the sales tax due next year.

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