Bank of Japan maintains optimistic assessment

The Bank of Japan maintained its cautiously optimistic assessment of the economy in its latest monthly report, despite robust GDP data announced earlier in the week.

'Japan's economy continues to recover gradually and domestic demand is becoming firmer,' the bank said in the report, keeping the same wording as the previous report issued in April. 'Exports have been increasing substantially and business fixed investment continues its path of recovery,' the bank said.

The BOJ also kept its moneta