Japan's Motegi: Economy is recovering moderately

Comments from Japanese economy minister are flowing in via Reuters:

• No change in view Japanese economy is recovering moderately. 
• Economy likely to recover driven by consumption and capital expenditure (CAPEX). 
• Must watch the impact on the economy from overseas uncertainty and market volatility. 

Motegi's comments after the official data showed the Japanese economy contracted in the first quarter for the first time since 2014 and the capex plans fell in the first quarter for the first time in six quarters.