boj minutes, 2022-03-18
In the wake of the economic sanctions imposed on Russia by advanced economies such as the United States and Europe, their effects on economic activity had started to be observed in the form of, for example, (1) firms' moves to withdraw from or scale back their business in Russia and (2) stagnation of logistics and delivery delays within and around the areas under attack; however, thus far, business sentiment globally continued to improve, and production of the manufacturing industry and trade volume had increased, partly reflecting the waning of the effects of supply-side constraints.
Sentiment: neutral
Topic: mp_economic_activity