Prime Minister Naoto Kan attended a meeting of the Ministerial Council on Monthly Economic Report and Other Relative Issues at the Prime Minister's Office.

The Monthly Economic Report for September assesses the current state of the Japanese economy, stating that "Although the economy continues picking up and movements towards a self-sustaining recovery are seen, environment becomes more severe recently. In addition, the economy remains in a difficult situation such as a high unemployment rate."

On prospects for the economy, it states "As for short-term prospects, although some severe aspects remain in the employment situation, the economy is expected to be headed for a self-sustaining recovery as corporate profits continue to improve, reflecting improvement in overseas economies and the effects of various policy measures. On the other hand, the risks that the economy is depressed by a possible slowdown in overseas economies and fluctuations in exchange rates and stock prices are increasing. It should also be noted that there is still a risk of the influence of deflation on the economy and a concern about a possible deterioration of the employment situation."