Bank of Japan’s February report of recent economic and financial developments1 Bank of Japan, 12 February 2002. * The Bank’s View  *  *  2  Japan’s economy continues to deteriorate. With regard to final demand, net exports (real exports minus real imports) tend to decrease at a slower pace since the decline in exports is moderating.
We have added these boxes to enhance the transparency of our analysis and more clearly explain changes to our forecast. We intend to make these a regular feature of our MPR and we look forward to your feedback on this innovation. Let me now turn to the Governing Council’s deliberations. We spent a lot of time talking about incoming economic data.