Bank of Japan Monthly Report, January 2005

The Bank of Japan released the English version of its January 2005 monthly report on 21 January. The report said that the Japanese economy will continue recovering despite some soft patches, leaving its view unchanged from December.

'Japan's economy is expected to continue to recover,' the central bank said in the January report.

On deflation, the bank said consumer prices were expected to decline slightly from year-earlier levels.

According to the monthly report, the weaker-than-expected economy

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