BOJ reports economy extends recovery

Bank of Japan Governor Toshihiko Fukui told a news conference Wednesday 6 April that a decline in business confidence doesn't alter the bank's view that Japan's economy is maintaining a recovery.

``The mechanisms for a recovery are well in place,'' Fukui said at a news conference in Tokyo. ``Exports show signs of recovering and profits are improving.''

Eight of nine policymakers voted earlier Wednesday to keep interest rates at zero and maintain the pace at which the bank pumps money into the