Economy adjusting, says BOJ's Fukui

Bank of Japan governor Toshihiko Fukui said on Monday 5 July that the country's economy is nearing recovery from the prolonged slump that followed the bursting of Japan's speculative bubble in the early 1990s.

"Now, the Japanese economy is finally reaching the end of the long and painful path of post-bubble adjustment," Toshihiko Fukui said at the opening of an international conference sponsored by the central bank. "It is gradually gaining momentum for the restoration of sustained growth, and