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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.

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