‘Slack in the economy has mostly disappeared’ – BOJ Kuroda

FXStreet (Mumbai) - The world's third biggest economy is gradually emerging from recession, Bank of Japan (BoJ) Governor Haruhiko Kuroda said on Wednesday, but he acknowledged that last year's sales tax hike dealt a bigger blow to growth than initially forecast.

Key Quotes:

"It's true the effect of (last April's sales) tax hike was bigger than expected,"

"But economic growth is turning positive and the pressure on prices will disappear from April,"

"Slack in the economy has mostly disappeared."