RTTNews - Wednesday, the Bank of Japan raised its economic assessment for the second straight month.
In its latest Monthly Report of Recent Economic and Financial Developments, the BoJ said the economic conditions have begun to stop worsening, after deteriorating significantly. Last month, the central bank stated, economic conditions have been deteriorating, but exports and production are beginning to level out.
BoJ noted that private spending weakened, while exports and production started to turn upward, after falling substantially. At the same time, public investment increased.
The report said, In the coming months, Japan's economy is likely to show clearer evidence of leveling out over time. Further, the central bank assessed that financial conditions in Japan remained tight, although there are signs of improvement.
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