Economics
BOJ to Consider Upgrading Economic Assessment Amid Pickup
- Changes would reflect economic bottoming, not outlook optimism
- BOJ officials still said to see situation as severe, uncertain
This article is for subscribers only.
The Bank of Japan is likely to consider upgrading its economic assessment amid signs of a rebound from the economy’s worst contraction on record last quarter, people familiar with the matter said.
Any changes would acknowledge that Japan’s slump has bottomed, rather than indicate optimism about the outlook, according to the people. BOJ officials continue to see Japan’s economic situation amid the pandemic as severe and highly uncertain, the people said.