The Bank of Japan on Friday said that industrial production may improve moderately going forward reflecting developments in demand at home and abroad.
In the monthly report released a day after concluding two-day meeting of the Policy Board, the central bank said industrial production has been relatively weak and the pick-up in exports has moderated.
Public investment, private consumption and business fixed investment have been showing an upward trend in the recent months, the bank noted. Housing investment has also been picking up.
The bank's assessment of the overall economy was unchanged. BoJ said the economic activity has started picking up moderately and will return to a moderate recovery path as domestic demand remains firm and overseas economies emerge from the deceleration phase. At the meeting, the Policy Board decided to refrain from adding more stimulus to the economy and retained the interest rate close to zero.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.