The government has retained its view that economic recovery from the coronavirus pandemic is showing "weakness," while expressing caution over the impact ahead of recent higher raw material costs including crude oil prices.
"The Japanese economy continues to show weakness in picking up, although the severe situation due to the novel coronavirus is gradually easing," the Cabinet Office said Thursday in its overall assessment for November, retaining its view for the second straight month.
By component, the office upgraded its view for private consumption for the first time in 13 months, saying it shows "movements of picking up, while some weakness remains," after describing it as showing "further weakness" in the previous month.