Artwork. (Source: Reuters)
In a report published last month, the Government of Prime Minister Shinzo Abe remain relatively positive assessment of the economy in the months 11/2014, despite the figures published recently showed the economy Land of Flowers Cherry economic recession has increased the consumption tax after the date of the last quarter. The government said the Japanese economy is recovering slightly, but private consumption is low, and show the concern that the increase in the consumption tax from 5% to 8% in early April was reduced domestic demand. While consumer spending is contributing to 60% of GDP in Japan. Previously, data released last week said the Japanese economy fell 1.6% in the quarter ended June 9/2014 compared with That year, pushing the economy into recession after a sharp decline in the second quarter. In this context, Prime Minister Abe had to delay the second increase consumption tax to 10% from month to month 4/2017 10/2015. However, the Japanese Cabinet, said the economic indicators have only begun first showed the negative impact of the first round of tax increases and therefore, the Government does not downgrade economic assessment in May 11/2014. Speaking at a press conference on 25/11, Minister of State in charge of policy economic and financial Japan Akira Amari eased fears about the impact of low power consumption for the country's economy by profit company information is at all time high. The same day 25/11, Governor of the Bank of Japan (BoJ), Haruhiko Kuroda said the BoJ has been closely monitoring the impact of the yen fell sharply against other currencies after the banks continue to loosen monetary policy last month.Mr. Kuroda said he hopes the company to benefit from the appreciation of the yen will contribute to economic growth through increased wages or increased business investment.