TOKYO (MNI) - The Bank of Japan on Friday offered a brighter outlook for
industrial production, saying it will show a gradual recovery in the coming
"Industrial production is projected to pick up gradually," the BOJ said in
its monthly economic report for February.
In January the bank said, "Industrial production is projected to stop
decreasing and then start picking up."
The BOJ also upgraded its outlook for exports, saying, "Exports are
expected to stop decreasing and start picking up as overseas economies gradually
emerge from the deceleration phase."
On the current economic climate, the BOJ said on Thursday after a two-day
policy meeting, "Japan's economy appears to have stopped weakening."
It was an upgrade from its statement last month tha