The economy is doing well, although it is still in an adjustment phase toward self-sustaining growth, Bank of Japan Gov. Toshihiko Fukui said Monday.
"The Japanese economy is slowing down temporarily at present, just as the U.S. economy is doing," Fukui remarked during a speech in Tokyo.
"But it still is waging a good fight," and the real economy is on the right path.
He said the economy "remains in an adjustment phase toward self-sustaining growth," and the central bank will maintain the current quantitative monetary easing policy to support the economy.