Japan offers upbeat economic assessment

|By:, SA News Editor

For the first time since May of 2012, Japan's Cabinet Office says its coincident index is "improving", which indicates the government sees "a high likelihood of an economic expansion" based on the composite of 11 key economic indicators.

"The indicators that most contributed to the rise were manufacturing-related numbers, such as industrial output and industrial electricity usage," WSJ notes.

Official release

On Thursday, the BOJ made similar comments, saying the economy is "improving moderately."

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