Tokyo, Oct. 8 (Jiji Press)–Sentiment among so-called economy watchers, or people working in industries sensitive to changes in economic trends, rose for the fifth consecutive month in September, a Japanese government survey showed Thursday.
The seasonally adjusted diffusion index on the surveyed people’s sentiment about economic conditions compared with three months before was up 5.4 points from the previous month to 49.3, according to the Cabinet Office survey.
The rise came apparently because growth in the number of users of the government-sponsored Go To Travel tourism promotion campaign, launched in July, contributed to recovery in sentiment among restaurant and service-related industry workers.
The Cabinet Office revised up its assessment for the first time in three months, saying that sentiment is picking up.
Economic and fiscal policy minister Yasutoshi Nishimura told a news conference that the domestic economy “stalled in July and August due to torrential rains and the spread of the novel coronavirus, but has been picking up since September.”
The DI on economy watchers’ outlook for two to three months ahead came to 48.3.