Fri, 18 Sep 2020

TOKYO, Aug. 7 (Xinhua) -- A key index measuring Japan's economic conditions increased in June for the first time in five months, as commercial activity gradually resuming after a nationwide state of emergency over COVID-19 was completely lifted, the government said in a report on Friday.

According to the Cabinet Office, the coincident index of business conditions in June rose 3.5 points from May to 76.4 against the 2015 base of 100.

The increase marks the sharpest rise since comparable figures became available in January 1985. However, it was the ninth lowest, with the office maintaining the assessment that the country's economy is "worsening".

Looking ahead, the leading index of business conditions increased 6.7 points to 85.0, also the biggest increase since January 1985.

Japan is struggling to strike a balance between supporting economic growth and containing the spread of COVID-19, as public concerns mounting over a recent resurgence of infections.

However, Japan's top government spokesperson Chief Cabinet Secretary Yoshihide Suga said on Wednesday that the government had no plans to impose restrictions on people traveling during the summer holidays, while Prime Minister Shinzo Abe said Thursday declaring a nationwide state of emergency was unnecessary.

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