19 October 2004, 12:31  BOJ Fukui: Japan recovery continues, pace may slow

Bank of Japan Governor Toshihiko Fukui said on Tuesday the Japanese economy would continue recovering even though the pace of growth may slow. "Our view is that Japan's economy continues to recover. Looking ahead the rate of economic growth will likely be corrected, but it should still continue in a stable, or sustainable, form," Fukui told a parliamentary committee. Most members of the BOJ's Policy Board have forecast real gross domestic product (GDP) to grow 3.0 to 3.2 percent in the current fiscal year through next March. New forecasts will be announced later this month.///

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