Economics

Japan Raises View of Economy for First Time in 15 Months

A greengrocer in Tokyo.Photographer: Kosuke Okahara/Bloomberg
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The Japanese government upgraded its monthly economic assessment for the first time in 15 months, citing signs of a recovery in consumption.

The Cabinet Office said in its August report Thursday that the economy is recovering at a moderate pace, and only parts of it are pausing. In July it saw the pause as being more widespread.