BOJ's Taya says recovery gaining momentum

Japan's economic recovery is "clearly" gaining momentum, according to Teizo Taya, a Bank of Japan policy board member. But he said it was still "not appropriate" for the BOJ to change its current policy at the moment.

``Exports and industrial production keep expanding, and a steady recovery will continue, at least in the first half of the current fiscal year'' ending March 31, 2005, Taya said in a speech to business executives in Kushiro, northern Japan. The recovery ``is expected to keep clea