Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

BOJ Said to Consider Raising Economy Assessment as Growth Jumps

Don't Miss Out —
Follow us on:

May 16 (Bloomberg) -- The Bank of Japan may upgrade its assessment of the nation’s economy as evidence mounts that domestic demand is strengthening, according to people familiar with the central bank’s discussions.

After saying last month that “Japan’s economy has stopped weakening and has shown some signs of picking up,” the central bank could alter the wording to underscore progress in the recovery, according to the people, who asked not to be named as the BOJ discussions are private.

The next assessment will come after a May 22 monetary policy meeting. One possibility is dropping the reference to “stopped weakening.”

Japan’s economy expanded the most in a year last quarter as consumer spending and export gains outweighed the weakest business investment since the wake of the March 2011 earthquake, a government report showed today. Gross domestic product rose an annualized 3.5 percent.

To contact the reporters on this story: Toru Fujioka in Tokyo at tfujioka1@bloomberg.net; Masahiro Hidaka in Tokyo at mhidaka@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.