TOKYO (Reuters) - Japan raised its view of the economy for the first time in eight months on Wednesday as private consumption held firm and business sentiment improved, in a sign that Prime Minister Shinzo Abe's policy of easy money and big spending, dubbed "Abenomics", has begun taking effect.
Improvement in exports and recently compiled economic stimulus steps will likely put the economy back on a recovery path, but a slowdown in overseas economies remains a risk factor, the government said in its monthly economic report.