Japan says economy picking up moderately, while govt staying vigilant to risks

From channelnewsasia.com

Japan's government left the overall assessment of the nation's economy unchanged in its monthly report for November, noting a moderate recovery but remaining cautious over risks from a global economic slowdown and financial market fluctuations. The economic report from Japan's Cabinet Office comes after data showed last week the economy unexpectedly shrank for the first time in a year in the third quarter, as sluggish global growth and import costs hurt consumption and business activity. It also follows data showing that manufacturing activity in Japan contracted at the fastest pace in two years in November because ... (full story)