Bank of Japan Monthly Report, March 2007
The central bank also said the economy will remain on the path to recovery while deflationary pressures ease despite weak inflation.
"Japan's economy is expanding moderately," the BoJ said in the monthly report, repeating exactly what it said in February.
The Japanese economy, has been "firm", as household income continued to rise moderately, repeating the same wording it used a month earlier.
Looking ahead, the economy "is expected to continue expanding moderately," the BoJ said, reiterating its previous view.
Exports "are expected to continue rising against a background of expansion in overseas economies," the BoJ said.
Domestic private demand "is likely to also continue increasing, given high corporate profits and the moderate rise in household incomes," it added.
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