BOJ says recovery on track, but yen concerns

Bank of Japan Governor Toshihiko Fukui said on Thursday 5 february that the Japanese economy probably performed strongly in the last quarter of 2003, but he highlighted the risk posed by a strong yen following the BOJ's decision to keep monetary policy unchanged.

"I believe it is possible to see relatively strong numbers for October-December gross domestic product," Fukui said after the BOJ, as expected, decided to keep its monetary policy unchanged after a two-day policy board meeting.


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