TOKYO - Japan's economy is still recovering, led by robust consumer spending and reconstruction after last year's earthquake, but there are signs a slowdown in overseas economies is spreading and that poses risks, the government said on Monday.
The government stuck to its assessment of the overall economy, private consumption and exports in its monthly economic report for July, but strengthened its warning about weaker US and Chinese economic data as Japan's exports start to slow.
"The economy is moderately recovering helped by reconstruction demand, although difficulties continue to prevail," the Cabinet Office said in its latest report.
The report came after the Bank of Japan also kept its assessment of the economy but made technical changes to its money market operations and bond purchasing scheme to better funnel money into the economy.
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