Japan’s Cabinet Office ups view on business sentiment for the first time in seven months
Ahead of Friday’s Bank of Japan (BoJ) policy announcements and updated economic projections, the Japanese Cabinet Office published its monthly economic assessment this Wednesday.
Key takeaways
“Raises view on business sentiment in july for first time in seven months.
Keeps overall view on economy.
The government still believed the economy was “recovering moderately”, as consumer spending, capital expenditure and exports remained firm.
Firms’ judgement on current business condition is picking up.
The Cabinet Office kept its view that capital spending was “picking up” and exports remained solid in July.
Market reaction
At the time of writing, USD/JPY is trading up 0.07% on the day at 141.00.