Japan’s economy is on the path to moderate recovery

According to Mehr Kazuo Ueda, the head of the Bank of Japan says that the Japanese economy is recovering moderately. and warned that some weakness has been seen.

Oeda added that recent data suggest we may be able to raise our outlook on core inflation, but overseas trends are adding to uncertainty.

Examining economic trends abroad, including the United States, is important when making political decisions. Recent data confirmed that the economy is moving in line with our outlook.

Economy reported earlier that the central bank kept interest rates steady at 0.25 percent and revised its assessment of private consumption, indicating its confidence in the recovery of the country’s economy. It was despite the effect of rising prices and other factors.