• Keeps it’s own economic assessment unchanged in July.
• Japan’s economy is “on the way to recovery at a moderate pace” in part because of building projects.
• Sees more signs “The slowdown in the global economy is becoming more widespread”.
• The expansion in China is “slowing a bit”.
• Echoes the IMF’s lowered 2013 global growth forecast this month .
• They expect the BOJ to continue powerful monetary easing until the exit from deflation is ensured.