Japan Noda: Japan economy is recovering moderately

Thu Jul 29, 2010 9:26pm EDT

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TOKYO, July 30 (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Friday that Japan's economy is recovering moderately.

"Basically the economy is recovering moderately," he said, when asked at a news conference after a cabinet meeting about economic data released recently.

"I won't comment on individual market levels, but I am closely watching moves," he added. (Reporting by Tetsushi Kajimoto)

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