The Bank of Japan released its monthly report for recent economic and financial developments today. The bank raised its assessment for economic conditions saying that the economy is picking up after it was the economy is recovering. The Japanese economy was backed by stimulus measures taken in Japan and around the world, while the bank said that domestic demand remains weak.
The BOJ added that public investments are increasing, while exports and production continued to advance supporting economic recovery. The drop in business fixed investments is about to halt and private consumption is increasing due to policy measures, the bank said.