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Japan Upgrades Economy for 1st Time in 17 Months Despite Omicron

Mount Equity Group Tokyo, Japan > News > Markets > Japan Upgrades Economy for 1st Time in 17 Months Despite Omicron

Japan’s government raised its monthly view of the economy for the first time since the summer of 2020, in a sign of confidence in the recovery even amid risks from the omicron variant of the coronavirus. 

In its report for December, the Cabinet Office said the economy has picked up recently as the severe conditions caused by the pandemic gradually ease. By individual components, the government raised its view of consumption, business confidence and the jobs market.

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