USD/JPY stabilizes above 128.00 even as Japan raises view on consumption, economy

In its April economic assessment report, the Japanese government raised views on the overall economy and private consumption for the first time since December 2021, despite brewing inflationary pressures.

Key takeaways

"The economy appears to be picking up as the severe situation due to COVID-19 is easing."

“The government listed "financial and capital market volatilities" among other downside risks to the economy.”

” The government also raised its assessment of public investment for the first time since July 2020 on robust public works contract data.”

more to come ....