Japan on way to sustainable recovery: BOJ's Fukuma

Bank of Japan policy board member Toshikatsu Fukuma said in a speech that growth in Japan this fiscal year will exceed the central bank's 3.1 per cent forecast as the world's second-largest economy moves toward a sustainable recovery.

"The economy continues to recover, driven by the two engines of domestic and foreign demand," Fukuma told business executives in Matsue, in western Japan. "The foundations for a sustainable recovery are being laid."

``We, the Bank of Japan, consider it's important

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