Japanese economy continues to recover moderately – BOJ’s presser

FXStreet (Mumbai) - The Bank of Japan governor Kuroda, in his press conference on Friday, once again reiterated that the Japanese economy continued to recover moderately.

Kuroda also said the firmness in private consumption is increasing. Kuroda also repeated his last week’s comments that virtuous economic cycle is working, even as cheaper oil weighed on inflation.

The Bank of Japan kept its kept policy tools unchanged earlier today, while slightly revising up its assessment of the economy.