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BOJ's Kuroda says economy recovering, weakness seen in output
October 20, 2014 / 12:37 AM / 3 years ago

BOJ's Kuroda says economy recovering, weakness seen in output

TOKYO (Reuters) - 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.

Bank of Japan Governor Haruhiko Kuroda speaks before a meeting of the International Monetary and Financial Committee (IMFC) at the World Bank/IMF annual meetings in Washington October 11, 2014. REUTERS/Joshua Roberts

“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.

Reporting by Leika Kihara; Editing by Chris Gallagher

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