Japan slashs view on economy for first time in 10 months

The Japanese government slashed its view on the economy for the first time in ten months on Wednesday, citing weak demand weighed on capital capital spending and consumer expenditure, per Reuters Key quotes "The economy is recovering moderately, although some areas showed stalemate recently," "While business conditions and firms' earnings continue to improve, the strength of the corporate sector is not necessarily translating into wages and investment," "Domestic demand such as corporate investment and
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NZD/USD extends its upside around the mid-0.6000s, US data eyed

The NZD/USD pair holds positive ground for the fourth straight day during the early Asian session on Wednesday.
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