The Bank of Japan (BoJ) Governor Haruhiko Kuroda said at a press conference on Tuesday that the country's exports and production were "affected by the slowdown in emerging economies". But he pointed out that there is no need for further stimulus measures.

"It's true exports and output are being affected by the slowdown in emerging economies. But there's no change to our view that Japan's economy continues to recover moderately," the BoJ governor said.

Kuroda noted that the underlying trend of inflation was increasing.

The BoJ governor expects the Chinese economy to grow due to the support by the Chinese government.