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Japan's economy is continuing its moderate recovery, Bank of Japan's board member Koji Ishida said on Tuesday.
Export growth has remained flat and lacks momentum. This is partially due to structural factors such as overseas production.
However, a clear improvement in employment and the income environment is contributing positively to the economy, he added.
The effects of April's sales tax hike is expected to ease in the upcoming months, Ishida said.
The quantitative and qualitative monetary easing, or QQE, policy introduced to achieve the 2 percent target of price stability is exerting the intended effects on the market, he said.
