(MENAFN) Confidence among Japanese households rose to the highest since October 2007, alongside increasing exports that is driving the nation's recovery from the worst recession since the great depression, Bloomberg reported.
Consumer confidence in Japan rose to 41.0 in March compared with 40.0 in February, while consumer confidence household climbed to 40.9 from 39.8.
The newly-released figures suggest recovery in households spending that account for more than half of the Japanese gross domestic product (GDP), after exports show improvements since the second half of last year.
Deteriorations in the labor market eased, as unemployment rate settled at 4.9 percent the lowest since March 2009, especially that companies are hiring more workers to increase production.
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