Japan says economy "showing signs of recovery"

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The Bank of Japan said on Thursday that economic conditions in the world's second-largest economy were "showing signs of recovery", representing an upgrade from its assessment that "conditions have stopped worsening" in the July and August statements.

The central bank maintained that private consumption remained weak as a result of declining employment and noted that business fixed investment had slowed. However, three factors pointed towards better times ahead: increases in exports and producti

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