Japan's Nishimura: Japanese consumer spending is recovering
|While Japan's consumer spending is recovering, the economy hasn't yet recovered to pre-coronavirus pandemic levels, the nation's Economy Minister Nishimura said on Tuesday, adding that capital spending by both manufacturers and non-manufacturers remains weak because of worsening corporate earnings amid the pandemic.
Nishimura also stressed the need to prevent Japan from returning to deflation.
USD/JPY is sidelined near 104.00 at press time, with investors paying little heed to Nishimura's comments.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.