Japan's monthly report warns Middle East situation could impact economy
© Reuters. A passerby walks past an electric monitor displaying recent movements of various stock prices outside a bank in Tokyo, Japan, March 22, 2023. REUTERS/Issei Kato/File Photo
The government added the developments in the Middle East to factors requiring close attention as it"could pose a downside risk to the Japanese economy," said an official at the Cabinet Office, which compiled the monthly report for October. The Japanese government's monthly report also reiterated that careful attention needed to be paid to the effects of rising prices and fluctuations in the financial and capital markets.
Japan raised its assessment on business sentiment for the first time since July and said it was"improving moderately as a whole", according to the report.
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