The Bank of Japan (BOJ) has held rates at 0.1%, a level where they have been since last December, and has improved its assessment of the condition of the second world economy, which already "there are signs of recovery .
The board of governors of the Bank of Japan has assured the end of their monthly meeting that the Japanese economy is improving thanks to increasing investment, exports and production, while the crisis in other countries begin to be corrected.
However, the central bank has qualified as private consumption remains low, although slightly improved thanks to incentives to Executive earlier tested by Liberal Democratic Party (LDP).
Similarly, the institution responsible for monetary policy reiterated in its statement that the fall in prices continues to accelerate and deflation persists.
The Bank of Japan believes that Japan's economy starts to recover at the end of the second half of fiscal 2009 which ends in April next year, "thanks to measures to stabilize the financial system and monetary and fiscal measures.
It is expected that the recovery of other industrialized economies in emerging markets and consolidate the growth of Gross Domestic Product (GDP) of Japan in the second quarter rose 3.7% a year, ending a year of contraction.
"If the improvement continues, there are prospects that the Japanese economy back to sustainable growth and price stability in the future (beyond the fiscal year 2010)," he says in a statement.
The agency has therefore reiterated this month that the situation is conditioned by "significant levels of uncertainty in other economies and global financial markets."
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