Bank of Japan Monthly Report, October 2003

The Bank of Japan published the English version of its Monthly Report of Recent Economic and Financial Developments, October 2003, on 17 October. The foundation for a gradual recovery in Japan's economy is being laid, as the environment for exports and business sentiment have improved. Overseas economies are expected to maintain a relatively steady recovery mainly in the United States and in East Asia. Under these circumstances, it is likely that exports will continue to increase and industrial

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