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The Bank of Japan upgraded its economic assessment after maintaining the view in August, the latest Monthly Report of Recent Economic and Financial Developments showed Friday.
The central bank said Japan's economic conditions are showing signs of recovery, revising from last month's view that economic conditions have stopped worsening.
Looking forward, the BoJ stated, "economic conditions are likely to start improving in the near future". Last month, the central bank had assessed that economic conditions are likely to turn upward over time.
According to BoJ, financial conditions, with some severity lingering, are increasingly showing signs of improvement.
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