Japanese government raises view on employment in June for first time in 11 months

In its monthly assessment report, the Japanese Cabinet Office upgraded its view on the country’s employment situation for the first time in 11 months, noting that the “employment trends showed "improvement recently.”

Additional takeaways

Economy is "recovering moderately", keeping overall view unchanged in latest assessment.

But it also remained cautious about the potential risks of a global economic slowdown, price increases and financial market volatility.

Both private consumption and capital spending were "picking up", the June report said, maintaining the assessment from May.

corporate profits as "improving moderately overall".