Bank of Japan Monthly Report, January 2006

The Bank of Japan published the English version of its January 2006 monthly report on 24 January. In its report the BOJ upgraded its assessment of the economy for the first time in five months, saying it is now showing a "steady" recovery.

It also expressed confidence that deflationary pressures which have plagued the Japanese economy for years now, are easing.

"Japan's economy continues to recover steadily," the bank said in its January report. In its previous verdict a month earlier it said

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