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BOJ's Ueda sticks to economic recovery view, keeps alive rate hike chance
Bank of Japan Governor Kazuo Ueda said on Thursday the economy was on track for a moderate recovery, suggesting a slump in first-quarter gross domestic product (GDP) alone would not keep the central bank from raising interest rates in coming months. But Ueda said the outlook for the U.S. economy was among key risks to growth that will likely be discussed at a meeting of finance ministers and central bank governors of the Group of Seven (G7) advanced nations. "As for risks, the biggest focus would be whether the U.S. economy will complete that one last mile and engineer a soft landing or not," Ueda told reporters ... (full story)