BoJ confirms economy is recovering

In its November monthly report released on Friday 21 November, the Bank of Japan confirmed that the economy is recovering "gradually". Although consumption remains weak, the BoJ said "Exports are increasing and capital investment continues a gradual recovery". The report also said prices were likely to continue to fall while the imbalances in supply and demand remain.

Source: The Business Times

Japan's ever-cautious central bank on Friday confirmed what many economists have long been saying:

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