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Japan government: Economy picking up

11-24-2011 14:42 BJT

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Japan's government is sticking to its assessment that the economy is slowly picking up in a monthly report. But it remains vigilant about risks from a slowdown overseas, volatile markets and the impact from Thailand's floods.

The Japanese government also cuts its view on companies’ capital spending for the first time in six months. It says it’s leveling off and is showing signs of weakness as corporate profits are declining.

The government report expects the economy to continue to pick up. It also repeats that it expects the country’s central bank to support the economy through close cooperation with the government.

 

Editor:Zhang Rui |Source: CNTV.CN

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