BoJ's Fukui on the current economic situation

In a speech on the current economic situation and the route to sustainable growth given on 8 December, Toshihiko Fukui of the Bank of Japan said Japan's economy is starting to recover gradually, after a period of generally flat economic activity that lasted up until around summer. Although the core CPI may fluctuate due to temporary factors, its underlying trend is expected to be for a slight decline during the rest of fiscal 2003 and throughout fiscal 2004 since aggregate demand is projected

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