Japan's government upgraded its assessment on the labour market, first time in 11 months

<p>The Japanese government issued its June monthly assessment of the economy, ICYMI. </p><p>In summary the report said:</p><ul><li>Japan's employment trends showed "improvement recently", the first time the government had upgraded its assessment of the employment situation in 11 months<ul><li>noting a decline in the jobless rate and the biggest wage hikes in about three decades for this fiscal year pledged by major firms</li></ul></li><li>government maintained its overall assessment of the economy for the month, saying it was "recovering moderately" <ul><li>citing solid consumer spending and capital expenditure, maintaining the assessment from May</li><li>and corporate profits as "improving moderately overall"</li></ul></li><li>sounded a note of caution on the potential risks of a global economic slowdown, price increases and financial market volatility</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.