BOJ outlook on Economic Activity & Prices, April

The Bank of Japan has published its April 2004 report "Outlook for Economic Activity and Prices". Japan's economy has continued to recover at a moderate pace since the second half of 2003. In 2004, the economy is expected to continue its recovery as momentum increases gradually, the report says.

Overseas economies, the U.S. and East Asian economies in particular, are expected to grow relatively fast. As a result, exports and production are likely to increase, and corporate profits will be on an

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