Bank of Japan Monthly Report, January 2007

The Bank of Japan published the English version of its January 2007 monthly report on Monday 22 January. In the report the BOJ left its assessment of economic and financial developments largely unchanged, saying the economy continues to expand moderately.

The Bank of Japan said in its report for this month that it believed the economy would remain on the path to recovery while deflationary pressure eased.

The latest report says that amid easing structural risks, the economy "is expected to

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