May 16, 2018 / 12:25 AM / 10 days ago

Japan's economy minister Motegi: Economy recovering moderately

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.

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

“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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