BoJ Monetary Policy minutes, 19 and 20 May

Minutes of the Bank of Japan's Monetary Policy Meeting on 19 and 20 May 2003, released 30 June. With respect to domestic demand, corporate profits were recovering, and if exports and production resumed their upward trend, business fixed investment was likely to follow a clear uptrend, and household income was also likely to stop decreasing. However on the fiscal policy side the minutes showed the burden on households of essential expenditure resulting from changes in the social security syste

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