Japan's economy minister says the Q1 GDP data suggests continued economic recovery

Japan's economy minister Goto on the data earlier and its implications:

• need to carefully watch the impact of price rises on consumers
• Future economic growth will be moderate thanks to rising salaries, better attitudes, and a healthy hunger for company investment.
• To assure the end of deflation and private demand-led sustainable growth, the government must promote the understanding that the economy won't return to deflation.
• For the first time in three and a half years, Japan's nominal GDP surpasses the previous peak, reaching a record-high 570.1 trillion yen.
• Consideration must be given to global economic risks.
• In order to maintain the positive feedback loop between wages and prices, the government plans to maintain strong economic developments.

Data is here ICYMI:

• Japan Q1 GDP +0.4% q/q (vs. expected +0.1%)

Also from earlier:

• "BoJ will probably revise its YCC policy at the upcoming June meeting."