World leaders disagree on Shinzo Abe’s economic gloom
Richard Lloyd Parry, Shima, Japan
May 26 2016, 12:00pm, The Times
L’alarmisme de Shinzo Abe surprend le G7
Le Monde | 26.05.2016 à 18h21 • Mis à jour le 26.05.2016 à 18h40 | Par Philippe Mesmer (Ise-Shima, envoyé spécial)
Abe’s grim warning about global economy highlights G7 divisions
FT.com, May 26, 2016 10:58 am
Robin Harding in Ise, Japan
G7 Japan 2016 Ise-Shima Summit: Presidency Press Conference by Prime Minister Shinzo Abe – Prime Minister’s Office of Japan
G7@g7 Official G7 Tweets from the Government of Japan
G7 Summit Japan 2016
G7 Japan 2016 Ise-Shima Summit – Prime Minister’s Office of Japan
Japan – The Government of Japan
Prime Minister Shinzo Abe attended a meeting of the Ministerial Council on the Monthly Economic Report and Other Relative Issues at the Prime Minister’s Office.
Photograph of the Prime Minister Shinzo Abe attending the meeting
Meeting of the Ministerial Council on the Monthly Economic Report and Other Relative Issues, Monday, May 23, 2016
Monthly Economic Report, Executive Summary 2016 May
(Assessment of the current state of the Japanese economy)
Cabinet Office, Government of Japan
The Japanese economy is on a moderate recovery, while weakness can be seen recently.
* Private consumption is almost flat, while consumer confidence appears to be pausing.
* Business investment is picking up.
* Exports are almost flat.
* Industrial production is flat.
*Corporate profits show a trend toward improvement, although the pace has become moderate. Firms’ judgment on current business conditions shows cautiousness.
* The employment situation is improving.
* Consumer prices are rising moderately.
Concerning short-term prospects, the economy is expected toward recovery, supported by the effects of the policies, while employment and income situation is improving. However, there are downside risks of the Japanese economy including slowing down of emerging Asian economies including the Chinese economy and countries with natural resources amid the weakness of overseas economies. In addition, attention should be given to the increased uncertainty in overseas economies and the effects of fluctuations in the financial and capital markets under such circumstances. Also, full attention should be given to the economic impact of the 2016 Kumamoto Earthquake.
CNBC International @CNBCi
Japan PM Abe warns of Lehman-magnitude crisis: Report
Thursday, 26 May 2016 | 3:29 AM ET
Sean McArdle Kawakami, Mitsubishi Outlander PHEV Commercial
Sean K, Yasushi Akimoto, Heizo Takenaka