BOJ Iwata: Economy on a gradual recovery path

FXStreet (Bali) - Bank of Japan Deputy Governor Kikuo Iwata, speaking at a meeting with business leaders in Sapporo, reiterates that the Nippon economy is on a gradual recovery path.

Additional headlines - via Reuters

Says no need to change BOJ's commitment to hit inflation target at earliest date possible with timeframe of around 2 years

Exports are recovering, benefiting from a recovery in overseas economies and the weak yen

Underlying trend in inflation improving steadily due to effects of BOJ policy

Capital expenditure is showing clear signs of increasing

Sales tax hit on demand slowed inflation with effect having lasted longer than expected

Says pressure from sales tax hike on demand diminishing

Industrial production recovering due to firm consumer spending and exports

Inflation to accelerate gradually accompanied by wage rises

There are stronger signs that companies cannot hire enough workers

Growth could slow below potential in fy 2017 due to next sales tax hike