The International Monetary Fund on Tuesday forecast Japan's economy will grow 1.5 percent this year, up 0.2 percentage point from its estimate in July, as the "broad-based" global recovery has gathered steam.
In its latest World Economic Outlook, the IMF raised its global growth projection by 0.1 point to 3.6 percent in 2017 and by 0.1 point to 3.7 percent in 2018.
"The global recovery is continuing, and at a faster pace," IMF chief economist Maurice Obstfeld said. "We see an accelerating cyclical upswing boosting Europe, China, Japan and the United States, as well as emerging Asia."