(Corrects story to remove extraneous “embargoed” tag in headline, no changes to text)<\/p>\n
TOKYO (Reuters) -The Japanese government reiterated concerns about the risks of U.S. trade policies to economic growth, prompting a downgrade of its view on corporate profits, in a monthly report released on Wednesday.<\/p>\n<\/p>\n
While Japan’s economy grew much faster than expected in the April-June quarter, analysts warn global economic uncertainties fuelled by U.S. tariffs could weigh on the world’s fourth-largest economy in the coming months.<\/p>\n
In the Cabinet Office’s monthly economic report for August, the government maintained an overall assessment that the economy is recovering “at a moderate pace,” although the effects from U.S. tariffs are seen in some areas.<\/p>\n
On corporate profits, the government said improvements in the area appear to be pausing due to U.S. trade policies, downgrading its assessment for the first time in eight months.<\/p>\n
“The assessment reflects the year-on-year decline seen in the financial results of listed companies for the April-June period,” a Cabinet Office official told a press briefing.<\/p>\n
Washington and Tokyo agreed in July to set a reduced 15% tariff on imports from Japan in exchange for a $550 billion package of U.S.-bound investment through government-backed loans and guarantees, but details of its contents remain thin.<\/p>\n
Elsewhere in the report, the government upgraded its evaluation of public investment but downgraded its view on housing construction.<\/p>\n
On private consumption, which accounts for more than half of Japan’s economy, the government retained its view that it is picking up.<\/p>\n
(Reporting by Satoshi Sugiyama; Editing by Sam Holmes)<\/p>\n","protected":false},"excerpt":{"rendered":"(Corrects story to remove extraneous “embargoed” tag in headline, no changes to text) TOKYO (Reuters) -The Japanese government…\n","protected":false},"author":2,"featured_media":101093,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,58518,48,58519,2445,46,58517],"class_list":["post-101092","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-cabinet-office","tag-canada","tag-corporate-profits","tag-economic-growth","tag-economy","tag-japans-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/101092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=101092"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/101092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/101093"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=101092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=101092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=101092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}