FXStreet (Bali) - Bank of Japan (BOJ) board member Morimoto is crossing the wires, saying that Japan’s economy continues to recover moderately as a trend.

Other headlines, via Reuters, included:

- Japan’s economy likely to sustain positive cycle of output, income and expenditure

- The effect of the BOJ’s monetary easing likely to strengthen ahead as inflation expectations heighten

- Creating sustainable fiscal structure a crucial prerequisite to achieve sustained economic growth in Japan

- Overseas economic growth likely to heighten ahead as recovery in advanced economies gradually spreads to emerging nations

- Must watch carefully how risk of prolonged disinflation

- Developments over Ukraine could affect euro zone economies

- Effect of sales tax hike on consumption likely to recede from around summer onward

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