Japan govt upgrades econ assessment for third straight month in March

Japan’s government raised its assessment of the economy in March for the third consecutive month, saying factory output is showing signs of a pickup and that capital expenditure is bottoming out as the economy shakes off a mild recession last year.

The government raised its assessment of corporate profits and the labour market at a time a weak yen is boosting exporters’ earnings and there is an increase in the number of available jobs.

via Business feed http://www.scmp.com/business/economy/article/1191357/japan-govt-upgrades-econ-assessment-third-straight-month-march