RTRS: BOJ cuts assessment of exports in monthly report
TOKYO, Nov 25 (Reuters) - The Bank of Japan cut its assessment of exports on Tuesday, saying that they were decreasing.
"Exports are expected to continue decreasing due to the slowdown in overseas economies and the appreciation of the yen," the central bank said in its monthly report.
The BOJ also cut its view on production, saying it was falling and would continue to decrease at a faster pace in the immediate future.
The BOJ maintained its overall assessment of the economy, saying growth has been increasingly sluggish due to past rises in energy costs and declines in exports.
The central bank kept interest rates unchanged at 0.3 percent at a policy meeting last week, after cutting them from 0.5 percent in October. (Reporting by Leika Kihara)
