Japan's Muto on the cyclical recovery

- Central Banking staff
- 08 Jun 2004

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In a speech on 'What lies beyond this cyclical recovery?' given on 7 June Toshiro Muto of the Bank of Japan said Japan's economy is still facing many challenges, particularly in the long run. On the other hand, prospects of a continued economic recovery are good at least for the time being. The Bank of Japan, for its part, will continue making every effort to bring deflation to an end.

Muto said the chances for the world's second-largest economy to sustain the current rebound were better than in

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