BoJ’s Mizuno warns of fragile recovery

bank-of-japan

Japan's economic recovery may lose steam later this year if exports and production slow because of weak overseas demand, Atsushi Mizuno, a member of the Bank of Japan's monetary policy board, said on Thursday.

"It remains highly uncertain whether the economic upturn will continue," said Mizuno. The job market was still weak and big companies were pressing ahead with cost cuts, he said in a speech in Okayama.

"There also are risks the recovery momentum in production and exports will slow from the

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