Japan's economy appears to be improving.
A report on Wednesday showed that the Cabinet Office's consumer confidence index rose to 44.8 in March from 44.2 in February. It was the third consecutive increase.
A report on Thursday showed that Japan's exports rose 1.1 percent in March from a year earlier. Imports rose a larger 5.5 percent though, leaving a trade deficit of 362.4 billion yen, the ninth consecutive monthly trade deficit.
Meanwhile, the US economic expansion remained “moderate”, according to the Federal Reserve's latest Beige Book survey. The Fed report on Wednesday noted increases in manufacturing activity, with particular strength in industries tied to residential construction and automobiles, that offset weakness in defense-related industries in some regions.
However, the UK economy appears to be still struggling. A report on Wednesday showed that its unemployment rate rose to 7.9 percent in the three months ending in February, the highest since the three months to August 2012.
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