Japan's government raised its overall view of the economy for the first time in ten months in May, after recent data showed the country emerged from recession in the first quarter amid a post-COVID consumption rebound. The Cabinet Office also upgraded its assessment of consumer spending, exports and factory output, suggesting economic and social activities gathered pace. "The economy is recovering moderately," the Cabinet Office said in its monthly report published on Thursday, upgrading its view for the first time since July 2022. Previously, it said the economy was picking up moderately though there was some ... (full story)