Bank of Japan’s November report of recent economic and financial developments1  Bank of Japan, Communication, 20 November 2000. *  *  *  The Bank’s View2 Japan’s economy is recovering gradually, with corporate profits and business fixed investment continuing to increase.
With regard to exogenous demand, public investment is decreasing gradually since the implementation of the supplementary budget for fiscal 1999 has peaked out. Net exports (real exports minus real imports) continue to follow a moderate upward trend due to steady developments in overseas economies. As regards domestic private demand, business fixed investment is on an increasing trend.