The Bank of Japan released its monthly report today keeping its assessment for the economy unchanged. The BOJ said the economy is picking up due to different policy measures we witnessed inside and outside Japan, but it ensured that there is not yet sufficient momentum to support a self sustaining recovery in domestic private demand.

However, the bank expected economic conditions to continue improving and the pace of improvements will remain moderate in the current stage. The BOJ is anticipating the uptrend in exports and production to continue alongside better economic conditions in overseas markets.