Japan maintains economic assessment in July report

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People cross a street in the Shinjuku shopping and business district in Tokyo, Japan May 17, 2017. REUTERS/Toru Hanai

TOKYO, July 19 (Reuters) – Japan kept the overall assessment of its economy unchanged for a second straight month in July, retaining the view that conditions remain severe due to the impact of the coronavirus pandemic.

In a monthly report approved by Prime Minister Yoshihide Suga’s cabinet on Monday, the government said full attention should be given to the way infection trends are affecting the domestic economy as well as those abroad.

“The economy shows increased weakness in some parts, though it continued picking up amid severe conditions due to the coronavirus,” the government said in its July assessment of economic conditions.

Authorities kept their view of key economic components such as private consumption – which accounts for more than half of gross domestic product (GDP) – as well as exports and…

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