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Japan government keeps positive economy view
Japan's government kept maintaining its positive view on the national economy. It signaled the Japanese country is on the way to match its second greatest period of economic expansion after WWI, indicating its confidence over a solid, domestic demand-led recovery.
In its monthly report for August issued on Monday, the Japanese government told that the country’s economy keeps reviving modestly as a trend. The given view has been kept for three straight months in a nod to ascending signs of strength in capital spending and consumption.
The Japanese government also offered a moderately more positive view on public investment compared with a month ago, thus reflecting a leap in public works projects funded by the previous year's supplementary budget.
The Japanese authorities kept intact its view that exports, capital expenditure and output were gaining and its assessment that consumption was rising moderately.
The US will release monthly consumer price index figures (CPI) for October at 15:30 MT time on November 14.
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