Forex Trading News: The Bank of Japan Monthly Report Released

BOJ LEAVE ECONOMIC ASSESSMENT UNCHANGED IN JUNE; DOWNGRADES VIEW ON EXPORTS & CORP PROFITS
- Says economy is slowing on high energy and material costs
- Says Japan on moderate growth track
- Exports continue to rise but at a slower pace
- Corporate profits are falling on deteriorating trade conditions and to fall for some time before resuming its uptrend
BOJ SAYS EXPORTS CONTINUE TO RISE BUT AT A SLOWER PACE
- Economy to grow at a slower pace fro now and sees moderate growth in the future
- Corporate profits are falling on deteriorating trade conditions and to fall for some time before resuming its uptrend
- Japanese economy is slowing due to high energy and commodities prices
- Housing investment recovery to slow and then to end
- Private credit demand is slowly growing