Highlights of the May 2015 Bank of Japan monthly bulletin
Out earlier today the BOJ's latest ramblings on the economy
The leading comment has been re-written slightly from last month's " Japan's economy has continued its moderate recovery trend". Bloomberg have a table of all the opening comments and that line has been the same all the way back to March last year (that's as far as the table goes back).
Here's some of the details from the report;
- Exports are expected to increase moderately, mainly against the background of the recovery in overseas economies
- Domestically, public investment expected to continue moderate declining trend
- Business fixed investment projected to continue moderate increasing trend
- Private consumption expected to remain resilient
- Housing investment to pick up
- Industrial production is expected to increase moderately
- Excluding effects of the consumption tax hike, producer prices have stopped declining relative to 3 months earlier
- Inflation expectations appear to be rising
The comment on producer prices smacks of trying to massage the numbers. Other than that, by and large everything is moderating along nicely.
