Bank of Japan’s June report of recent economic and financial developments1  Bank of Japan, Communication, 14 June 2000. *  *  *  The Bank’s View2 The improvement in Japan’s economy is becoming distinct. Recovery has been observed in some areas of private demand, with business fixed investment continuing to increase.
With regard to exogenous demand, net exports (real exports minus real imports) continue to follow an upward trend due to steady developments in overseas economies, and public investment is picking up reflecting the progress in the implementation of the supplementary budget for fiscal 1999.