The Bank of Japan (BoJ) released its monthly report today. The BoJ said that Japan's economy recovered moderately as a trend. Japan's production showed some weakness due to sales tax hike in April, so the central bank.

The BoJ expects that the economy in Japan will continue to recover moderately. The central bank pointed out that "private consumption is expected to remain resilient".

The consumer price inflation is expected to be around 1.25% for some time, the BoJ said.

Japan's central bank noted that the country's monetary base rose about 35% at annual rate.