The Japanese Cabinet Office downgraded its view on the economic outlook to ‘worsening’ after the country’s key economic indicators fell on Monday, as cited by Reuters. The last time the government gave a “worsening” assessment was for April data. The Cabinet Office also said the economy risks falling into recession amid escalating US-China trade dispute and slowing external demand. Key Details: “The index of coincident economic indicators, which consists of a range of data including factory output, employment and retail sales data, slipped a preliminary 0.4 point in August from the previous month. The separate index for leading economic indicators, a gauge of the economy a few months ahead that’s compiled using data such as job offers and consumer sentiment, dropped 2.0 points from July.” The above piece of news failed to deter the JPY bulls, as they retain control amid renewed US-China trade tensions. At the press time, USD/JPY trades -0.08% around 106.85, having hit daily lows at 106.66 in the Asian trades amid risk-off market profile. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Russia’s Novak: Russia considers mid-term oil price of $50 per barrel as fair FX Street 3 years The Japanese Cabinet Office downgraded its view on the economic outlook to 'worsening' after the country's key economic indicators fell on Monday, as cited by Reuters. The last time the government gave a "worsening" assessment was for April data. The Cabinet Office also said the economy risks falling into recession amid escalating US-China trade dispute and slowing external demand. Key Details: "The index of coincident economic indicators, which consists of a range of data including factory output, employment and retail sales data, slipped a preliminary 0.4 point in August from the previous month. The separate index for leading economic indicators,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
