The Japanese government has reaffirmed its economic outlook but has highlighted the need to consider the potential impact of the Noto Peninsula Earthquake. This observation comes in the government's monthly report, which affirmed that despite some recent stagnation, Japan's economy continues on its track of moderate recovery. This statement was marked by a slight downgrade in their perspective on exports, noting a recent pause in growth.
The report also acknowledged the potential risks posed by global economic deceleration, which include the ramifications of global monetary tightening and concerns over the Chinese economy's future. Additionally, the government underscored the importance of monitoring price developments and the volatile nature of the Middle East, not overlooking any fluctuations in the financial and capital markets.
Moreover, the report explicitly mentioned the crucial need to factor in the economic implications of the 2024 Noto Peninsula Earthquake.
