BOJ new members see sustained, gradual recovery

Seiji Nakamura and Hidetoshi Kamezaki, who recently joined Bank of Japan's nine-member policy board, told a press conference on Wednesday 11 April they see a sustained but gradual expansion of the Japanese economy and a mild rise in inflation going forward.

But the two also pointed to some downside risks for the economy.

"I understand that the Japanese economy is expanding moderately at the moment. For monetary policy, we need to gradually adjust interest rate levels (to harmonize them with

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