Japan's economy may return to moderate recovery path by the middle of this year, but the outlook still faces high uncertainty, Bank of Japan board member Yoshihisa Morimoto said Thursday.
He said that debt woes in Europe still posed the biggest challenge to Japan's recovery. Tensions surrounding the debt crisis have abated somewhat recently, but future developments in Europe remained the largest risk, Morimoto said.
He noted that there is also risk from current uncertainty over power supply.
The central bank last month boosted its asset purchase facility by JPY 10 trillion and strengthened its temporary lending programs in its most recent policy meeting last week.
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