Tanigaki says Japan's economy recovering

Japanese Finance Minister Sadakazu Tanigaki reiterated on Thursday 5 May that the country's consumers are powering economic recovery and vowed to press on with fiscal reforms, although moderate deflation continued to pose a problem.

Tanigaki also repeated his pledge to work with the Bank of Japan to end deflation, which has plagued the world's second-largest economy for seven years.

"Driven by increased domestic private demand, the Japanese economy has been on the track to recovery," Tanigaki