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.”