Japan's Motegi, Aso: Japan has mostly escaped deflation, economic depression

Japan's Economy Minister Toshimitsu Motegi and Finance Minister Taro Aso have been hitting the wires today, providing their outlook on the Japanese economy.

Key Highlights:

• Motegi: Japan will soon be out of deflation situation for good
• Motegi: Hopes the re-appointed BoJ Governor Kuroda and new Deputy Governors continue doing their best at the central bank
• Aso: Japan has 'more or less' escaped economic depression
• Aso: Expects BoJ to continue working with government to achieve 2% growth target
• Aso: Achieving 2% growth will prove Japan has escaped stagnating deflationary trap