BOJ maintains gloomy overall view of economy

TOKYO - The Bank of Japan maintained its gloomy overall view on business conditions on 21 May, saying weaker exports were denting production and keeping the economy stuck in an adjustment phase.

But the central bank lowered its view on most of the key areas of the economy, including capital spending, industrial output, corporate profits and household incomes.

"Business fixed investment seems to be levelling off, while exporting conditions continue to deteriorate," it said. "Industrial productio