December 8, 2020
TOKYO (Reuters) – Japanese consumer spending is recovering but the overall economy has not returned to its pre-coronavirus level, Economy Minister Yasutoshi Nishimura said on Tuesday.
Nishimura, speaking to reporters, said capital spending by both manufacturers and non-manufacturers remained weak because of worsening corporate earnings amid the pandemic.
He also said it was important to prevent Japan from returning to deflation.
(Reporting by Kaori Kaneko; Editing by Chris Gallagher)
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