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

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."