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. Last Updated: 07/27/2016

Japan Sees Hope




TOKYO -- Japan's recession-mired economy appears to have stopped worsening, but concrete signs of a recovery have yet to emerge, the government and central bank said in separate reports Tuesday.


Both the Bank of Japan and the Economic Planning Agency upgraded their monthly diagnosis of the economy's health due to a bigger dose of public spending and an end to falls in output. The central bank said the economy had stopped deteriorating while the agency opted for "gradually bottoming out."


The reports, while cautious, added to a ripple of optimism that has taken its cue from some improved economic data and seen Tokyo stocks soar 13 percent in the past eight sessions on easier monetary policy and hopes of aggressive corporate restructuring.