Reported about 1 month ago
The Japanese government has upgraded its economic view for the first time in 15 months, indicating moderate recovery signs in consumer spending and housing construction. This shift, reported by the Cabinet Office, reflects a rebound to growth due to recovering domestic demand and wage growth. The improved outlook supports the recent interest rate hikes from the Bank of Japan, signaling a potential tightening in monetary policy. This positive economic news may also benefit the ruling Liberal Democratic Party ahead of upcoming leadership contests.
Source: YAHOO