TOKYO, April 22 (Xinhua) -- Japan's Ministry of Finance on Tuesday maintained its overall economic assessment, stating that the country's economy is recovering moderately despite some weaknesses.

The assessment, unchanged since July 2022, is based on a quarterly review of regional economic conditions across the country.

While private consumption is gradually recovering, the ministry noted the effects of rising prices as consumers continue to shift toward more affordable alternatives due to strong cost-saving tendencies.

Production activity remains on a path to recovery, albeit at a slower pace. However, concerns have been raised about the potential impact of U.S. tariff policies.

Employment conditions are slowly improving, but businesses continue to face acute labor shortages.

Looking ahead, the ministry expects a moderate recovery supported by improving employment and income environments, while warning of increasing downside risks due to U.S. trade policies. Enditem

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