The government said Wednesday the economy remains on a recovery track, but it cautioned against a possible adverse impact from fluctuations in the foreign-exchange and stock markets, as well as turbulence in the global economy.
"The economy is showing movements toward incipient recovery," the Cabinet Office said in its monthly economic assessment for October, citing increased capital spending and corporate profits. The same phrase was used in the September report.
To support the recovery trend, "the government should do what it can to make good signs appear in every component of the economy, particularly in regional economies and employment," Heizo Takenaka, state minister in charge of financial, economic and fiscal policy, told a news conference.