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Financial News: Japan Eco Watchers' Index Rises To 9-Month High

Japan Eco Watchers' Index Rises To 9-Month High

10/10/2017 - 01:22:00 (RTTNews)

(RTTNews) - A measure of peoples' assessment of the Japanese economy improved more-than-expected in September to the strongest level in nine months, survey figures from the Cabinet Office showed Tuesday.

The current index of Economy Watchers' survey came in at 51.3 in September, up from 49.7 in August. Economists had expected the index to rise to 50.2.

Moreover, the latest reading was the highest since December 2016, when it marked 51.4.

Any reading above 50 indicates optimism and a score below 50 suggests pessimism.

At the same time, the outlook index dropped marginally to 51.0 in September from 51.1 in the preceding month. The index was forecast to fall to 50.5.

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