Tuesday 10 June 2014

Japanese economy shows signs of improvement in May

While Japan's economy showed strong growth in the first quarter just before the hike in the sales tax in April, economic data for April had been weak.

May data have been more encouraging though, with Markit's composite index rising from April for example.

Monday brought more positive data for May.

A report from the Cabinet Office showed that the consumer confidence index rose to 39.3 in May from 37.0 in April.

Another report from the Cabinet Office based on its economy watchers survey showed that the current conditions index jumped to 45.1 in May from 41.6 in April while the future conditions index rose to 53.8 from 50.3.

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