From the Bank of Japan monthly report released in Tokyo today (full text is here). The main headlines via Bloomberg:
- Economy expected to continue its moderate recovery trend
- Exports expected to increase moderately (citing the recovery in overseas economies)
- Business fixed investment projected to continue a moderate increasing trend as corporate profits improve
- Excluding direct effects of sales-tax hike, producer prices are expected to continue declining for time being, reflecting movements in international commodity prices
- Core CPI y/y increase likely to be around current level for time being
