Japan's government upgraded its assessment of factory output for the first time in a year, saying in its monthly economic report that it showed signs of picking up and signalling production may have bottomed out. The government also upgraded its assessment of imports and public works while leaving its overall economic assessment unchanged for a third straight month. There was no revision to other components such as private consumption and capital expenditure. "The Japanese economy is recovering at a moderate pace, although it recently appears to be pausing," the monthly report said. The report was presented at a ... (full story)