BOJ’s Shirakawa: see signs of sustainable recovery

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TOKYO, April 7 (BestGrowthStock) – Bank of Japan Governor Masaaki
Shirakawa said on Wednesday that the sustainability of Japan’s
economic pickup was becoming clearer.

“There are some signs of a sustained recovery in Japan’s
economy ahead,” Shirakawa told a news conference after a BOJ
board meeting, citing a steady improvement in corporate profits
and an expected increase in capital spending.

The BOJ kept monetary policy unchanged at the board meeting,
saying that while the economy was improving thanks to export-led
demand it was “extremely important” for Japan to break free of
deflation.

It sounded slightly more optimistic about the economy than
the previous month, tweaking its assessment to say the economy
“continued” to pick up and noting improvements in overseas
economies among factors supporting growth.

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(Reporting by Leika Kihara, Rie Ishiguro)

BOJ’s Shirakawa: see signs of sustainable recovery