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Japan's Amari: economy recovering moderately albeit some weakness
November 16, 2015 / 1:22 AM / 2 years ago

Japan's Amari: economy recovering moderately albeit some weakness

Shoppers look at a pack of discounted nail glitter at an exhibition and sale during Tokyo Nail Expo 2015 in Tokyo, Japan, November 15, 2015.Yuya Shino

TOKYO (Reuters) - Japanese Economics Minister Akira Amari said on Monday that the economy was in a moderate recovery trend albeit some weakness and that it would continue to improve gradually even though overseas economies posed downside risks.

Amari made the remarks after government's preliminary data showed the economy shrank an annualized 0.8 percent in July-September, marking a second straight quarter of contraction.

Amari said he would keep an eye on economic developments and manage economic and fiscal policy in a flexible manner.

Reporting by Tetsushi Kajimoto and Stanley White; Editing by Chang-Ran Kim

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