Members of the Bank of Japan’s (BoJ) monetary policy board have pointed to signs of green shoots in the Japanese economy, although inflation remains stagnant, the BoJ’s latest minutes show.

Members “shared the recognition that economic recovery had become more solid, as seen in the continued pick-up in exports and production”, according to the minutes, which were published today (March 22).

The picture for inflation was a bit more mixed. BoJ members concurred that inflation was still around