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TOKYO (Reuters) - Bank of Japan Deputy Governor Kikuo Iwata reiterated on Thursday that the central bank will adjust policy appropriately if risks to its economic outlook threaten the 2 percent inflation target.
Iwata, speaking before the upper house budget committee, said Japan's economic recovery will continue moderately despite a sales tax hike to 8 percent from the current 5 percent in April.
"The economy is on steady track towards achieving the 2 percent price goal," Iwata said.
Reporting by Tetsushi Kajimoto; Editing by Dominic Lau