However, as firms are still maintaining their stance on reducing personnel expenses, household income continues to decrease noticeably with a plunge in summer bonuses. Thus, the employment and income situation of households overall remains severe.
Turning to the economic outlook, the growth in exports is expected to slow temporarily with the impetus from overseas restocking coming to a halt, but the uptrend in exports will be maintained against the background of the moderate recovery in overseas economies. Thus, industrial production is also expected to follow a moderate uptrend despite a temporary slowdown.