Japan: Introduction by the Bank of Japan

Abstract

Japan's economy, at present, has stopped deteriorating, but clear signs of recovery have not been observed yet. With regard to final demand, business fixed investments has been on a downward trend, and recovery in private consumption continues to be weak on the whole. Net exports are leveling off. Meanwhile, housing investment has been recovering. Public works seem to be increasing rapidly against the background of the large increase in order in early spring.