BOJ's Kuroda says Japan economy to recover moderately

The Bank of Japan (BOJ) Governor Haruhiko Kuroda speaks to the press at the bank headquarters in Tokyo.
The Bank of Japan (BOJ) Governor Haruhiko Kuroda speaks to the press at the bank headquarters in Tokyo.PHOTO: AFP

TOKYO (REUTERS) - Bank of Japan Governor Haruhiko Kuroda said on Monday (Oct 19) the country's economy was expected to continue recovering moderately even though the slowdown in emerging markets was weighing on exports and output.

"The BOJ's quantitative and qualitative easing is exerting its intended effects," Mr Kuroda said in a speech at a quarterly meeting of the central bank's regional branch managers.

The BOJ has kept monetary policy steady since expanding its massive stimulus programme in October last year. With inflation having ground to a halt on slumping oil prices, the central bank remains under pressure to ease again ahead of a rate review next week.