KUMAMOTO (Kyodo) Japan will gradually start to see clear signs that its economy is moving toward a self-sustained recovery on the back of solid exports, Bank of Japan Policy Board member Tadao Noda said Thursday, while insisting the central bank will take appropriate measures if the economic outlook appears to worsen.
He reiterated the BOJ's view that the recovery is emerging from a pause, helped by improvements in overseas economies, but also showed cautiousness over the possible adverse impact of rising international commodity prices.
"I believe that our economy's self-sustained recovery trend will gradually become clear, induced by a recovery in exports," Noda said in a speech in the city of Kumamoto.
But the pace of recovery is likely to be moderate, as individual consumption is likely to remain sluggish amid continuing severe employment conditions, he added.