BOJ’s Kuroda Identifies Continued Weakness in Output

Bank of Japan Governor Haruhiko Kuroda said on Monday the country’s economy continues to recover moderately as a trend, although there are some weaknesses mainly in output.

“As for the outlook, the economy will continue to recover moderately as a trend, with the effect (of a sales tax hike in April) likely to gradually subside,” he said in a speech at a quarterly meeting of the central bank’s regional branch managers.

Reuters

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