BoJ’s Harada: Japan’s economy continues to recover moderately

By FXStreet FXStreet (Bali) – Bank of Japan monetary policy board member Yutaka Harada, speaking at a meeting with business leaders, said that Japan’s economy continues to recover moderately.

Headlines

Japan’s economy continues to recover moderately

BOJ easing is exerting desired effects

Don’t expect Japan’s exports to china to fall sharply ahead

If Japan expots to China fall sharply, can’t rule out chance of that leading to falls in output, job growth

My outlook for prices is slightly weaker than the bank’s

My outlook for the economy is slightly weaker than the bank’s

Recoveries in consumption and investment remain weak

Must ease policy further without hesitation if overseas risks threaten upward price trend

Slowdown in China and other emerging market economies, chance of expected Federal

Reserve rate hike triggering market shock are among risks to Japan’s economic outlook

Sales tax hike has negative impact on economic activity, and works to push down inflation rate
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Source:: FX Street