boj minutes, 2020-01-21
With regard to the outlook, although a pick-up in the growth pace of these economies was likely to take some time, their growth rates were projected to rise thereafter -- on the back of the materialization of the effects of macroeconomic policies in each country as well as a pick-up in the manufacturing sector, due mainly to the global cycle for IT-related goods shifting toward a phase of improvement -- and these economies were likely to grow moderately on the whole.
Sentiment: neutral
Topic: mp_economic_activity