24 Mar 2015
Japan upgrades economic outlook
FXStreet (Bali) - The Japanese Cabinet Office's economic assessment for March upgraded its view on the economy on Monday, notes the Japan Times, the first time it does so in eight months.
Key Quotes - Japan Times
The government on Monday raised its basic assessment of the economy for the first time in eight months in a revision that cites an improving business climate linked to the receding impact of the April consumption tax hike.
“The Japanese economy is on a moderate recovery, as improvement can be seen in the corporate sector,” the Cabinet Office said in its March report, upgrading its views in three of the 14 categories: industrial output, corporate profits and business sentiment.
As for private spending, it “holds firm as a whole,” it said, after previously reporting weak consumer confidence as a downside risk to the economy.
Key Quotes - Japan Times
The government on Monday raised its basic assessment of the economy for the first time in eight months in a revision that cites an improving business climate linked to the receding impact of the April consumption tax hike.
“The Japanese economy is on a moderate recovery, as improvement can be seen in the corporate sector,” the Cabinet Office said in its March report, upgrading its views in three of the 14 categories: industrial output, corporate profits and business sentiment.
As for private spending, it “holds firm as a whole,” it said, after previously reporting weak consumer confidence as a downside risk to the economy.