Japan raises view on consumption, but says economy in severe situation

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TOKYO: Japan's government upgraded its view on consumption in a monthly report in October on stronger demand for electronics and higher travel ...

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TOKYO: Japan's government upgraded its view on consumption in a monthly report in October on stronger demand for electronics and higher travel spending, while cautioning broader economic conditions remained severe due to the coronavirus pandemic.

Japan's economy suffered its worst postwar contraction in the second quarter, with the government already announcing US$2.2 trillion in economic stimulus in response to the virus crisis to soften the blow. While many countries eased coronavirus restrictions earlier this year, some have had to resume curbs as they faced a second wave of infections.

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