Japan Economy Watchers Index Rises for Second Month
# economy watchers# domestic demand# Cabinet Office# consumption
Key Points
- June Economy Watchers current index rose for a second month
- Cabinet Office upgraded to signs of recovery
- Fewer worries voiced over Middle East tensions
- Frontline sentiment on the economy is improving
Analysis
Japan's June Economy Watchers Survey, which asks frontline workers like taxi drivers and shop staff, rose for a second month, prompting the Cabinet Office to upgrade its view to signs of recovery. Seen alongside rising rates and sticky inflation, it points to resilient domestic demand-supportive of continued BOJ normalisation.