Japan Cabinet Office release monthly economic report: Raises economic assessment

The Japan Cabinet Office has released its monthly economic report:

• Raises economic assessment
• First raise in the assessment since September 2013
• Boosts their views on Capex and private consumption, says Capex is picking up and private consumption is increasing

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Recap from MNI:

• economy is “recovering at a moderate pace.” Last month, it said the economy was “in the process of recovery at a moderate pace.”
• revised up its assessment on consumption, the largest component of the economy, saying it is “increasing” … before the April sales tax hike
• “Business investment is picking up.”