FXStreet (Bali) - BoJ member Kiuchi is crossing the wires, saying that Japan's economy is recovering moderately.

Further headlines included:

- I am somewhat cautious on price outlook than BoJ's medium projection

- Effect of sales tax on household spending is likely temporary

- Uncertain on whether upward price pressure from narrowing output gap will exceed downward pressure from fading weak yen effect

- Gap between underlying inflation and medium to long term inflation expectations seems to have narrowed to a considerable extent

- Long term efforts to boost growth potential necessary for Japan to hit 2.0% growth target

- Paying attention to downside risks to growth

- Says Japan exports are moving sideways due partly to soft emerging economic growth

- See downside risks to Japan’s economic growth outlook

- Price gains have been strongly influenced by weak yen

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