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Fukui says Japan's recovery broadening

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Published: July 5, 2004 at 6:28 PM
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TOKYO, July 5 (UPI) -- Bank of Japan Governor Toshihiko Fukui said Monday that Japan's ongoing economic recovery is becoming broad-based as a result of structural adjustments.

The Kyodo New Service reported that Fukui said that there was still a question if the current recovery is different from the past two brief recovery phases in the 1990s.

"Our economy has achieved significant progress in overcoming structural impediments," Fukui said at an international conference in Tokyo.

"The economy is gradually gaining momentum for the restoration of sustained growth, and is showing more signs of recovery -- the recovery is spreading from manufacturing to nonmanufacturing industries, from large to small firms, and from metropolitan to regional areas."

Topics: Toshihiko Fukui
© 2004 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

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