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The Prime Minister in Action
Ministerial Council on the Monthly Economic Report and Other Relative Issues
August 26, 2021
Photograph of the Prime Minister attending a meeting (1)
Photograph of the Prime Minister attending a meeting (2)
Photograph of the Prime Minister attending a meeting (3)
[Provisional Translation]
On August 26, 2021, the Prime Minister 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 August Monthly Economic Report states that the Japanese economy shows further weakness in some components and remains in a severe situation due to the novel coronavirus but it continues to show signs of picking up. Furthermore, concerning short-term prospects, the Report states that “the economy is expected to show movements of picking up,” supported by policy effects and improvement in overseas economies while taking measures to prevent the spread of infectious diseases and accelerating vaccinations. The Report further states, “However, full attention should be given to the further increase in downside risks due to the spread of the infectious diseases. Also attention should be given to the effects of fluctuations in the financial and capital markets.”
