September 20, 2013 / 3:54 AM / in 4 years

BOJ governor Kuroda gives positive outlook for overseas economies

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda offered a positive outlook for overseas economies, including the United States, saying on Friday growth would gradually pick up and support Japanese exports.

Bank of Japan Governor Haruhiko Kuroda speaks during a news conference in Tokyo September 5, 2013. REUTERS/Yuya Shino

“Our main scenario is that overseas economies will gradually pick up as the U.S. and European economies improve,” Kuroda said in a speech at a seminar.

“That will support increases in exports and output, as well as a pickup in capital expenditure in Japan.”

The BOJ launched an intense burst of monetary stimulus in April, pledging to double the base money through aggressive asset purchases to achieve its 2 percent inflation target in roughly two years.

Reporting by Leika Kihara; Editing by Edmund Klamann and Paul Tait

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