The government on Thursday maintained its view that the Japanese economy continues to recover moderately but warned downside risks from elevated overseas interest rates may weigh on global growth.In its monthly economic report for June, the Cabinet Office did not change its assessments of almost all key components. It noted that industrial production showed signs of picking up "recently," signaling that the negative impact of a data-rigging scandal in the auto sector is waning.Japan's economy appears to be on shaky ground after its first contraction in two quarters in the January-March peri…READ FULL ARTICLE
