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The Japanese government raises its assessment on factory output, first time in 7 months

Japan’s government’s monthly economic report:

  • The economy is picking up moderately,” the Cabinet Office, which compiled the report, said, keeping the overall assessment unchanged from the previous month
  • did note an upward revision to factory output
  • flagged risks of a global downturn amid overseas trend of monetary tightening and rising inflation while households face slower wage growth

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Info via Reuters report.

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