KANAZAWA Japan (Reuters) - Bank of Japan Deputy Governor Kikuo Iwata said on Wednesday the economy continues to recover with households and companies seen increasing spending ahead, shrugging off a severe second-quarter contraction as a temporary slump caused by an April sales tax hike.
"With job and income conditions improving steadily, private consumption is firm as a trend. The downturn in spending, which came in reaction to pent-up demand ahead of the tax hike, appears to be easing," Iwata said in speech to business leaders in Kanazawa, a city in Ishikawa prefecture in central Japan.
The BOJ has stood pat since deploying an intense burst of monetary stimulus in April last year, when it pledged to double base money via aggressive asset purchases to achieve its 2 percent inflation target in roughly two years.
A former academic, Iwata has been a vocal advocate of a monetary policy targeting base money.
(Reporting by Leika Kihara; Additional reporting by Stanley White in TOKYO; Editing by Chris Gallagher)
Relacionados
- Violencia género. el observatorio estatal de violencia sobre la mujer pide mejorar la coordinación entre jueces y policías
- UGT-A pide crear un observatorio de empleo agrario para actuar antes de que empiecen las campañas de aceituna y cítricos
- UGT urge la creación de un observatorio agrario para "afrontar los problemas" de la próxima campaña de aceituna
- La Junta de Andalucía propone impulsar un observatorio de ética vinculado al Parlamento y al estatuto del cargo público
- Valderas pide impulsar un observatorio de ética política vinculado al Parlamento y al estatuto del cargo público
