News Summary: BOJ chief says Japan economy mending

News Summary: New Japan central bank governor says economy on the mend, forecasts pick-up

Associated Press

FEELING BETTER? Japan's economy has stopped weakening and should show signs of recovery by midyear, the newly appointed central bank governor Haruhiko Kuroda said Thursday.

RISING SUN: Kuroda has pledged to work with the government to achieve a 2 percent inflation target, preferably within two years, and end years of growth-inhibiting deflation.

FOGGY FORECAST: Kuroda said there was still "a high degree of uncertainty" about the world's third-largest economy because of the crisis in Europe, the tenuous state of the U.S. recovery and often testy relations with China.

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