Japan's govt raises economic assessment for first time since June - govt report

Japan's Cabinet Office releases its monthly economic report

• Upgrades consumer spending in January, first time since June last year
• Upgrades overall economic assessment as well
• Economy is recovering at moderate pace

Well, this follows after the "Sakura" report on Monday here which showed the BOJ raising its economic assessment for 3 out of 9 Japanese regions.

I think this very much confirms that the BOJ will at least raise its economic growth outlook for 2018 in their meeting next week.

USD/JPY falling to a low of 110.49 on the news.