Ministerial Council on the Monthly Economic Report and Other Relative Issues

December 21, 2022
[Provisional translation]
On December 21, 2022, Prime Minister Kishida attended a meeting of the Ministerial Council on the Monthly Economic Report and other relative issues at the Prime Minister’s Office.
Regarding the assessment of the current state of the Japanese economy, the December Monthly Economic Report states, "The Japanese economy is picking up moderately." Furthermore, concerning short-term prospects, the Report states that "the economy is expected to show movements of picking up," supported by policy effects "under the 'new normal.'" The Report further states that, however, the slowdown of overseas economies poses a downside risk to the Japanese economy," amid ongoing global monetary tightening and other factors. Also, full attention should be given to price increases, supply-side constraints, fluctuations in the financial and capital markets and infection trends in China."

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