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BoJ’s Ueda: Japan’s economy recovering moderately

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Bank of Japan Governor Kazuo Ueda noted that Japan’s economy is showing moderate recovery, as domestic demand strengthens amid a challenging global environment. Speaking recently, Ueda highlighted improved corporate investments and consumer spending, driven by government policies aimed at revitalizing the economy post-pandemic.

Despite these positive indicators, Ueda acknowledged headwinds from slower overseas demand, which continue to impact Japan’s export-driven sectors. He reaffirmed the BoJ’s commitment to maintaining its ultra-loose monetary policy until inflation sustainably reaches its 2% target, emphasizing that patience remains key to fostering a full economic recovery.

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