Japanese economy continues to recover moderately - BOJ’s Kuroda

FXStreet (Mumbai) - Bank of Japan governor Kuroda once again reiterated that the Japanese economy continues to recover moderately. While speaking at the press conference, Kuroda expressed confidence that virtuous cycle is working in the economy.

Key Quotes

“CPI to reach the 2% target in H1 2016”

“Industrial output likely to rise gradually with some fluctuations”

“Exports weak due to the US, Asia, but still expect gradual recovery”

“Weaker Yen likely to contribute to exports, but may be some fluctuations, exports will rise gradually”

“China growth momentum is slowing, global recovery likely to be gradual led by the developed nations”