The Bank of Japan on Thursday said that Japan's economy is shifting toward a pick-up phase, although its economic activity has remained more or less flat.
In the monthly report, the BoJ said that domestic corporate goods prices will rise at a slower pace, reflecting slowdown in global commodity prices. The annual increase in consumer prices is forecast to remain at around zero percent for the time being.
Looking forward, the central bank expects the economy to return to a moderate recovery path as the pace of recovery in overseas economies picks up, driven by commodity-exporting countries and reconstruction activity after the earthquake.
This week, the policy board of the BoJ voted unanimously to abstain from announcing more stimulus after boosting its asset purchases last month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.