BoJ's Fukui says economy expanding moderately

Bank of Japan governor Toshihiko Fukui reiterated Friday 12 January that the economy is still growing gradually and that he expects the recovery to continue.

Fukui stressed that the central bank would continue to manage its monetary policy "appropriately" to ensure sustained growth.

In a speech at the latest quarterly meeting of Bank of Japan branch managers, the governor said: "Japan's economy is expanding moderately."

He said this growth was supported by rising wages, brisk corporate activit

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