The Japanese government has repeated its view that the country's economy is continuing to recover steadily, led by solid exports and corporate spending. It also signalled that personal consumption was finally starting to pick up.
Last week the Cabinet Office revised down Japan's economic growth to 1.6% for the December quarter from a previous estimate of 1.7%, although that was still the highest growth rate in more than 13 years.
While maintaining the overall economic assessment, the Cabinet Office upgraded its assessment on the pace of exports, consumer spending and housing investment in the March report.
'Exports are rising rapidly and industrial production is also increasing,' the report said.
