The Cabinet Office reiterated its stance this month that the" Japanese economy is on a moderate recovery," while adding that weakness can be seen in
private consumption.
The government maintained, however, that despite the slightly altered wording from a month earlier, the assessment was neither a downward nor upward revision,
although the Cabinet Office noted that the 3-percentage point tax increase to 8
percent in April is still taking a toll on the economy, particularly on domestic
demand and consumption.
The latest report was released after Prime Minister Shinzo Abe on Friday dissolved the lower house of parliament to call a snap election in a bid to
garner support from the electorate for his unpopular and now delayed second
sales tax hike to 10 percent from 8 percent.
Abe's move followed gross domestic product data for Japan last week surprisingly contracting an annualized real 1.6 percent in the three months
through September Nike Air Max 1 Vypredaj , marking the second straight quarter of decrease following a revised 7.3 percent tumble in the April-June quarter.
Hence, the government's latest report showed that household spending, a leading gauge indicating personal consumption, dropped 5.6 percent on year in
the recording period extending losses for a sixth straight month, but the report
upwardly revised housing investment.
Housing construction showed signs of bottoming, the report said, with seasonally adjusted annualized housing starts standing at 880 Nike Air Max Thea Vypredaj , 000 units in the recording period, up from 845,000 a month earlier.
But the government lowered its assessment on job conditions for the first time in 24 months, stating "The employment situation shows a trend toward
improvement, while an increase in job offers to seekers ratio appears to be
pausing".
The ratio of job offers to seekers stood at 1.09 in September, down from 1.10 seen in August, July and June.
While noting that business investment "shows some weak movements recently Nike Air Max Tavas Vypredaj , while it is on the increase," the office also noted that "exports are flat" and that "industrial production is decreasing
recently".
The government stated in its recent report that corporate profits appeared to be "pausing as a whole" although improvements at large manufacturers had been
observed.
The view of current business conditions showed a "small improvement in large manufacturers", the report said, adding, however, that caution remains overall
and that "consumer prices are flat recently".
On the immediate outlook for the economy, the government said that weakness "will remain for the time being Nike Air Max 95 Vypredaj , but the economy is expected to recover, supported by the effects of the policies."
The Cabinet Office added that "attention should be given to the downside risks of the Japanese economy such as declining consumer sentiment and slowing
down of overseas economies".
Going forward and regarding its policy positions, the Cabinet Office said that it will make its "utmost efforts to ensure the economy overcomes deflation
and achieve economic revitalization and fiscal consolidation".
In addition, the report said the government "also continuously pursues to expand the economic virtuous cycles which cover local economies, through
directing growing corporate profits towards business investment, wage increase
and further improvement in the employment situation".
On additional stimulus measures, the Cabinet office said that the government "will develop a new economic stimulus package to ensure the economic virtuous
cycles get on the right track and the fruits of Abenomics spread throughout
local economies Nike Air Max 90 Ultra SE Vypredaj ," adding that it "expects the Bank of Japan to achieve the price stability target of 2 percent at the earliest
possible time".
RIO DE JANEIRO, Jan. 3 (Xinhua) -- Brazil has created a special 10,000-strong force of military police to ensure that no anti-government protests disrupt this
summer's 2014 FIFA World Cup football games, news website G1 reported Friday.
The special force is expected to reinforce the work of local and federal police in the 12 cities that will be hosting games in June and July.
The special force, composed of members of the National Public Security Force, has been receiving special training since 2011, G1 reported Nike Air Max 90 Hyperfuse Vypredaj , citing the unit's director, Col. Alexandre Augusto Aragon.
Aragon said the force received on-the-job training during the mass demonstrations that plagued the Confederations Cup games held in Brazil in June
2013.
"The National Force is not an ordinary force. We are called during times of crisis, only for specific missions," said Aragon, adding "For the World Cup, we
have trained 10,000 men in clash instruction and we are prepared to take action
in all of the 12 host cities at the same time."
"Since the 1930 World Cup Nike Air Max 90 Ultra Moire Vypredaj , host countries have faced a record (number) of demonstrations," Aragon said, citing South Africa in 2010, Germany
in 2006 and South Korea and Japan in 2002.
He added that the degree "of violence of the recent protests (in June 2013) caused fear. We had many injured police in Rio de Janeiro."
Those protests, the largest seen in years, were sparked by massive government spending on preparations to host large-scale sporting events, such as the 2014
World Cup and the 2016 Olympic Games Brazil hosts Nike Air Max 90 Ultra Essential Vypredaj , while Brazilians have poor public services, such as healthcare, education and transportation.
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