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 saying it shows signs of picking up in the previous report, citing improvements in private consumption, imports and employment.As for short-term prospects, the monthly report warned of downside risks derived from "fluctuations in the financ…READ FULL ARTICLE