Japan’s exports and industrial production are likely to pick up in the coming months, a monthly report from the Bank of Japan showed Friday.
Exports are expected to start picking up as overseas economies gradually emerge from the deceleration phase. Public investment and housing investment are expected to continue trending upward, while business fixed investment is projected to remain somewhat weak.
At the same time, private consumption is expected to remain resilient. “Under these circumstances, industrial production is projected to pick up,” the report noted.
Meanwhile, it cautioned that a high degree of uncertainty existed about the global economy. However, Japan’s economy is expected to level off more or less for the time being and return to a moderate recovery path thereafter.
by RTT Staff Writer
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