TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Tuesday there was no change to the view that the economy remains in moderate recovery, despite rising pressure from a global slowdown.
“It’s true that manufacturers are mainly being affected by global slowdown,” Aso told reporters after a cabinet meeting. “But fundamentals that support domestic demand remains solid.”
Aso also said he did not expect a repeat of deep declines in demand as happened during the previous sales tax hike in 2014.
(Reporting by Tetsushi Kajimoto; Editing by Shri Navaratnam)