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BoJ Takata: Economy is recovering moderately, though some weak signs
Bank of Japan Board Member Takata says Japan's economy is recovering moderately: • Japan's economy is recovering moderately, although some weak signs are seen. • Stock and FX markets have seen big volatility, but we still see achievement of our inflation target in sight. • We are seeing renewed rises in import prices. • We must be vigilant to the chance of a renewed wave of price hikes, while taking into account the impact of the yen rise in early August. • Hard to debate at this stage to what degree BOJ can shrink its balance sheet. • Hard to pin down the precise level of Japan's natural rate of ... (full story)