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BOJ: Economy now needs structural reform

Central bank, govt upgrade assessments of short to medium-term economic outlook

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MORE UPBEAT: Both the BOJ and the government said that the outlook for Japan's domestic demand and exports is improving somewhat, despite the fact that the economy slid into recession in the third quarter.

Tokyo

BOTH the Bank of Japan (BOJ) and the Japanese government on Friday upgraded their assessments of Japan's short to medium-term economic prospects, saying that the outlook for domestic demand and exports is improving somewhat, despite the fact that the economy slid into recession in