The Bank of Japan (8301) signaled it is less pessimistic about the world’s third-largest economy, changing the language used in its monthly economic assessment.
“Japan’s economic activity has remained more or less flat, although it has shown some signs of picking up,” the central bank said in its economic report released in Tokyo today. The assessment last month said the economy has been flat mainly because of the global slowdown and the appreciation of the yen.
This was the first change in the language describing the economy since January.
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