Bank of Japan Monthly Report, October 2006

The Bank of Japan published the English version of its October 2006 monthly report on Tuesday 17 October. In the report the BOJ stood by its previous assessment of the economy, saying it is expanding moderately, while deflationary pressure is easing.

"Japan's economy is expanding moderately," supported by rising consumer spending, brisk corporate activity and continued growth of exports, the central bank said in its report for October.

In the household sector, private consumption "has been on an

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