Bank of Japan Minutes, 17 &18 Nov 2004

The Bank of Japan's minutes from its 17 and 18 November Monetary Policy meeting revealed that members concurred that Japan's economy continued to recover as a whole, although the increase in exports and production seemed to be coming to a pause. They also agreed that it was likely to continue to recover.

Many members commented on the fact that the U.S. dollar continued to depreciate against the yen. These members expressed the view that this was attributable to increasing concerns in financial

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