BoJ's Uchida: Japan's economy is on a moderate recovery path

Bank of Japan Deputy Governor Shinichi Uchida said on Friday that Japan's economy is experiencing a moderate recovery, though some weaknesses persist.

Key quotes

Japan's economy is experiencing a moderate recovery, though some weaknesses persist.
The underlying inflation rate is gradually rising toward the 2% target.
The Bank of Japan's JGB holdings continue to provide a strong monetary easing effect.

Market reaction 

At the time of writing, the USD/JPY pair is trading 0.07% higher on the day to trade at 149.78.