boj minutes, 2004-12-17
As for the current state of exports, which had been more or less flat, a few members said that exports had not regained momentum because, although the effects of the deceleration of overseas economies had abated, global adjustments in IT-related sectors continued and in some industries with low spare production capacity, for example the steel and chemical industries, suppliers continued to give priority to domestic firms over overseas markets.
Sentiment: neutral
Topic: mp_economic_activity