BoJ's Fukui says prices, spending weaker

Bank of Japan governor Toshihiko Fukui said Tuesday 19 December that the consumer price index and private consumption have recently been weaker than the BoJ had thought a few months earlier.

But Fukui stressed that the economic recovery mechanism remains intact, and has left room for a rate hike.

"Since a positive correlation of production, income and spending is at work, we believe that the possibility is high that Japan will see a long-lasting recovery (in line with the standard scenario sho

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