TOKYO (Reuters) - Japan's top government spokesman said on Wednesday the positive trend in the nation's economy remained intact and that it was on a moderate recovery track.
"Corporate earnings are at record high levels and the environment for jobs and wages has significantly improved," Chief Cabinet Secretary Yoshihide Suga told a news conference.
His comments came after data on Monday showed the economy shrank at an annualised pace of 1.6 percent in April-June as exports slumped and consumers cut back spending.