BOJ to may alter or strike "exports and production have been sluggish" language - Nikkei

The Nikkei, Japanese daily, reports headlines from the Bank of Japan (BOJ), citing that the central bank is considering an upgrade of its economic outlook for the first time in nineteen months at its monetary policy review meeting scheduled next week.

Key Quotes:

“BOJ is said to be more optimistic over steadying foreign economies boosting exports and production, as well as recovering consumption at home.”

“Since its March report, the BOJ has asserted that "Japan's economy has continued its moderate recovery trend, although exports and production have been sluggish due mainly to the effects of the slowdown in emerging economies."

“This time, it may alter or strike the "exports and production have been sluggish" language. Some at the bank have suggested removing the "trend" in "moderate recovery trend" to emphasize that the economy's recovery is ongoing.”