Japan’s Shindo: Economy expected to gradually recover as wages and income improve

Commenting on the second-quarter Gross Domestic Product (GDP) data released on Thursday, Japanese Economy Minister Yoshitaka Shindo said that the “economy expected to gradually recover as wages and income improve.”

Additional quotes

Government (govt) will work closely with the Bank of Japan (BoJ) to carry out flexible macroeconomic policy management.

Govt will closely monitor, economic, price situations and financial markets.

Need to be mindful of downside risks in overseas economy, market movements.