FXstreet.com (Barcelona) - BoJ Governor Haruhiko Kuroda suggested on Friday during a speech delivered at a conference in Tokyo that the Japanese economy is picking up and that financial markets should consequently stabilize over time.

"Japan's economy is likely to resume a moderate recovery as overseas growth picks up moderately and domestic demand remains resilient due to the effect of monetary easing and various stimulus measures," Kuroda stated.

He added however that central bank will continue monitoring the developments in the market as uncertainty remains elevated.