The Bank of Japan (BoJ) says the country’s exports have levelled off recently, a reversal of the recovery the central bank saw in February.
The BoJ cited disappointing external demand for the change of assessment.
However, the central bank is confident of economic expansion at home to help maintain its growth momentum.
Companies are pouring more money into their businesses, and factory activities are rising at a slightly faster pace.
Recent data showed industrial production had risen by 4% in January, which indicated an increase in factory activities for the second month in a row.
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