September 20, 2013 / 3:54 AM / 5 years ago

BOJ governor Kuroda gives positive outlook for overseas economies

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

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.

“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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