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Economy watchers sentiment bounces back in April

Jiji Press TOKYO (Jiji Press) — Sentiment among so-called economy watchers in the nation, or people working in industries sensitive to changes in economic trends, rose for the first time in two months in April, the Cabinet Office said Tuesday.

The seasonally adjusted diffusion index on economy watchers’ sentiment about current conditions compared with three months before was up 0.5 point from the previous month at 45.3.

As demand for travel and food rose thanks mainly to the 10-day Golden Week holiday period from late April and early May, the indexes for corporate and household-related activities gained ground, according to the government agency.

Meanwhile, the employment-related index dropped due to U.S.-China trade friction.

The Cabinet Office kept its basic assessment unchanged, saying that weakness has been seen in recovery recently.

“The economy is improving slightly thanks to sales campaigns related to the era name change,” an official of a supermarket in Hokkaido said in the survey. Japan’s new era of Reiwa began on May 1, when the new Emperor assumed the throne.

An official of a food maker in the Tohoku region said, “We received more Golden Week-related orders than in normal years as people prepared for the 10-day holidays.”

The outlook DI of the surveyed people’s economic confidence two to three months ahead came to 48.4.Speech

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