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The Bank of Japan (BoJ) released its monthly economic report on Wednesday. The BoJ said that Japan's economy has continued to recover moderately.
The BoJ expects that consumer price inflation will be at an annual pace of 0.0% - 0.5%. The consumer will increase "on the whole from a somewhat longer-term perspective", the central bank noted.
Japan's central bank pointed out that financial conditions are accommodative.
The BoJ reiterated that private consumption has remained resilient.
"Exports are expected to increase moderately", the BoJ said.
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