Bank of Japan governor Ueda says Japanese economy recovers moderately

Bank of Japan Governor Kazuo Ueda's remarks were as follows: -

- The economy is likely to continue with a moderate recovery
- Consumption is steadily increasing
- The pace of rising inflation is likely to slow, then accelerate again, reflecting changes in wages and price-setting behavior
- Financial market movements and their impact on the economy must be carefully monitored
- Need to manage increased interest rate risk due to rising uncertainty over economic outlook and prices