BOJ's Ueda: Japan economy is recovering moderately

<ul><li>Economy likely to continue with moderate recovery</li><li>Consumption is increasing steadily</li><li>The pace of inflation rise likely to slow, then re-accelerate again reflecting changes in wages, price-setting behaviour</li><li>Must carefully watch financial market moves and their impact on the economy</li><li>Need to manage interest rate risk increasing given very high uncertainty on economic, price outlook</li></ul><p>These are just some token remarks there by Ueda. I'm sure Japanese officials themselves aren't paying much attention as they are perhaps more glued to their screens with USD/JPY now at 149.93 on the day and just a whisker away from the 150.00 mark.</p>

This article was written by Justin Low at www.forexlive.com.