GDP data showed Japan's economy recovering gradually.
    
Will take necessary policy response without hesitation with close eye on economic, price developments.
    
Achieving sustained wage growth is best way to combat rising inflation.
    
Will pursue labour market reform to achieve structural wage growth.
    
Companies' investment appetite has not cooled, nominal spending at record high levels.
    
See rising inflation and global slowdown as risks but not too pessimistic about japan's economy.
    
Must execute scheduled spending package, supplementary budget first and then if neeeded, will consider additional steps.