Prime Minister Yoshihiko Noda 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 November assesses the current state of the Japanese economy, stating that "The Japanese economy shows weakness recently due to deceleration of the world economy."

On prospects for the economy, it states "Concerning short-term prospects, weak movements would remain for the time being. After that, the recovery is expected to resume with the improvement of the overseas economy while reconstruction demand lasts continuously. However, a degree of uncertainty about the external economic prospects of the Eurozone and Asia notably China remains high."