Asia

Monday, July 8, 2019 - 01:51

MNI DATA IMPACT: Japan June Sentiment Dn On Services, H'holds


--Japan June Econ Watchers Current Index 44.0; May 44.1
--Japan June Watchers Current Index Posts 2nd Straight Drop
--Japan June Watchers Outlook Index 45.8; May 45.6
--Japan June Watchers Outlook Index Posts 1st Rise in 5 Months
--Japan Govt leaves View: Weakness seen in recovery

TOKYO (MNI) - Japan's current sentiment index fell in June, a second straight drop, weighed by items linked to household and services, a key government survey released Monday showed.

The survey indicates whether respondents with jobs most sensitive to economic conditions -- taxi and truck drivers, department-store sales staff and restaurant and shop owners -- think economic conditions have improved or worsened from the three months prior.

These are the key points from the latest monthly Economy Watchers Survey, conducted by the Cabinet Office between June 25 and June 30.

--The Economy Watchers sentiment index for Japan's current economic climate fell 0.1 points to 44.0 in June on a seasonally adjusted basis, after falling 1.2 points to 44.1 in May.

--The Watchers outlook index showed the sentiment outlook two to three months ahead marked the first rise in five months, up 0.2 points to 45.8 on the back of better outlook for housing, along with eating and drinking items.

--The Cabinet Office left its overall economic assessment based on the Economy Watchers Survey, saying, "weakness is seen in the recovery."

--"Looking ahead, there are concerns of uncertainty over the global economy," the government said.

--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

[TOPICS: MAJDS$,M$A$$$,M$J$$$]

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