Japan government ups economic outlook on consumption

TOKYO (Reuters) Japan government took a brighter view of canada goose online the economy in a report on Friday, thanks to improvements in private consumption and exports, but it warned that Europe debt crisis and financial market swings could worsen the outlook.

Pedestrians walk on canadian goose jacket the canada goose uk black friday street at the canada goose factory sale Ginza shopping district Canada Goose Parka in Tokyo May 17, 2012. Japan’s economy bounced back from a year end lull in the first quarter, powering ahead of other major industrial nations thanks to rebuilding canada goose uk shop of the tsunami battered northeast, solid private spending and some improvement in exports. REUTERS/Kim Kyung Hoon

The upgrade, the first since https://www.canadagooseoutleta.com August last year, comes one day after data cheap canada goose uk showed Japan economy grew faster Canada Goose Online than the Canada Goose sale United States, Germany and Britain in the first quarter as subsidies boosted sales of canada goose clearance energy efficient cars.

The more optimistic assessment also acknowledged the economic impact of reconstruction work after a record earthquake devastated canada goose clearance sale Japan canada goose coats on sale northeast coast in March 2011.

The government lifted its assessment of personal consumption and exports as salaries are slowly rising and exports to the United States and Asia increase.

effects of the earthquake have been harsh, but there is reconstruction demand and the economy is slowly recovering, the Cabinet Office said in its Canada Goose Coats On Sale monthly economic report for May.

The government said private consumption is slowly increasing as people spend more on cars and travel. In April, the government said consumption has bottomed out.

A man stands near mannequins at a retail shop canada goose black friday sale in Tokyo May 17, uk canada goose outlet 2012. Japan’s economy bounced back from a year end lull in the first quarter, powering ahead of other major industrial nations thanks to rebuilding of the cheap Canada Goose tsunami battered northeast, solid private spending and some improvement in exports. REUTERS/Kim Kyung Hoon

Exports canada goose are showing signs of picking up, the report said. Last month, the government said exports were flat.

The government canada goose uk outlet upgraded its assessment of the labor market, saying canada goose coats things are picking up in areas not affected by the earthquake as companies are increasing overtime pay and youth unemployment is falling.

The Cabinet Office strengthened its warning about Europe prolonged debt crisis, saying canada goose store uncertainty is increasing, Canada Goose Outlet as speculation mounts that Greece will leave the euro zone.

Japan economy bounced back in the first Canada Goose Jackets quarter from a year end lull uk canada goose thanks to rebuilding of Canada Goose online the tsunami battered northeast, buy canada goose jacket solid private spending and some improvement in exports.

The world third largest economy grew 1.0 percent in the January March buy canada goose jacket cheap quarter, just above a median forecast of 0.9 percent, data showed on Thursday.

Japan gross domestic product will expand by 2.0 percent in the fiscal year to March 2013 as government spending on reconstruction gathers momentum, according to a Reuters poll.