May 16, 2018 / 12:25 AM / 6 months ago

Japan's economy minister Motegi: Economy recovering moderately

Japanese Minister of Economic Revitalization Toshimitsu Motegi attends a news conference on the Trans Pacific Partnership (TPP) Ministerial Meeting during APEC 2017 in Da Nang, Vietnam, November 11, 2017. REUTERS/Kham

TOKYO (Reuters) - Japan’s Economy Minister Toshimitsu Motegi said on Wednesday there was no change to the government’s view that the economy was recovering moderately.

“We project an economic recovery driven mainly by private consumption and capital expenditure,” Motegi said in a statement issued after the release of first-quarter gross domestic product data.

“But we need to be mindful of the impact of overseas economic uncertainty and market volatility,” he said.

Reporting by Leika Kihara; Editing by Chris Gallagher

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