Japanese government has worsened the assessment of the state of the economy for the first time in 3 years

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The Cabinet of Japan in the March review pointed to the gradual recovery of the country's economy, noting, however, signs of weakness in production and exports. Fears caused by the upcoming consumption tax in October and the consequences of the US and Chinese trade disputes forced the Japanese government to worsen the assessment of the state of the country's economy for the first time in 3 years. The consumption tax in Japan may rise in October from 8% to 10%. The concern is also caused by a slowdown in the Chinese economy and fluctuations in financial and capital markets.

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