URGENT: Japan upgrades key economic view on recovering consumption

The Japanese government on Tuesday upgraded its key economic assessment for the first time in three months, reflecting a recovery in personal consumption as economic activities continue to return to normal from coronavirus restrictions.

"The Japanese economy is picking up moderately," the Cabinet Office said in its monthly report for July, an upgrade from it "shows movements of picking up" in the previous report, citing improvements in private consumption, imports and employment.

© Kyodo News