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BOJ monthly report: Japan's economy has continued to recover moderately

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - BOJ monthly report is out, with no surprises being carried, noting that Japan's economy has continued to recover moderately, adding that exports and production have been affected by slowdown in emerging economies.

    Quotes via BOJ

    "On the price front, producer prices are declining relative to three months earlier, mainly due to the fall in international commodity prices, and the year-on-year rate of changein consumer prices (all items less fresh food) is about 0 percent. Inflation expectations appear to be rising on the whole from a somewhat longer-term perspective, although some indicators have recently shown relatively weak developments".

    "With regard to the outlook, producer prices are expected to continue declining
    for the time being, reflecting movements in international commodity prices, and the
    year-on-year rate of change in consumer prices is likely to be about 0 percent for the
    time being, due to the effects of the decline in energy prices."
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