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Economy watcher sentiment up for 3rd month

Jiji Press TOKYO (Jiji Press) — Sentiment among so-called economy watchers, or people working in industries sensitive to changes in economic trends, improved for the third straight month in June, the Cabinet Office said Monday.

The diffusion index gauging the sentiment of the surveyed people, including shop clerks and taxi drivers, compared with three months before rose 1.4 points from the previous month to 50.0 after seasonal adjustment, the government agency said.

The index hit the boom-or-bust dividing line of 50 for the first time in six months.

The Cabinet Office left its assessment unchanged, saying that the Japanese economy continues to pick up.

All three component indexes on households, businesses and employment improved in June.

“New automobile sales are solid,” an official at a dealership in Kyushu region said.

An official at a housing supplier in the Chugoku western region said that the number of customers is increasing.

An official at an electrical device maker in the Tokai central region said that many companies are willing to boost capital expenditures for 4K and 8K ultrahigh-definition television broadcasting.

An official at a public job-placement office in Hokkaido said that the number of new job offers has started increasing.

The economy watchers’ sentiment DI for outlooks two or three months ahead rose 0.9 point to 50.5.

While the restaurant and leisure industries are projecting revenue growth thanks to demand from foreign travelers to Japan, a temporary staffing agency expressed concerns over a drop in the number of job seekers.Speech

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