TOKYO (dpa-AFX) - Japan's economy is recovering gradually though output has shown weakness, Bank of Japan's Governor Haruhiko Kuroda said on Monday in his opening remarks at the meeting of the central bank's regional managers.
The recovering trend is expected to continue as the effects of consumption tax begins to wane, he said.
He added that core inflation is likely to remain at 1.25 percent in the future.
Kuroda noted that the bank's policy of quantitative and qualitative monetary easing, which is exerting the desired effects, will be maintained as long as needed to achieve 2 percent inflation.
The Bank will adjust the policy as needed after assessing the upside and downside risks to the economy and prices, he added.
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