Comments from the Japanese finance minister:

  • Japan a step away from overcoming deflation thanks to abenomics
  • Japan's economy expected to recover moderately in coming quarters after contraction blamed on short-term factors like bad weather
  • Well-calibrated policy management, smoother communication with markets essential to mitigate uncertainty
  • Financial market volatility rising amid concern over China slowdown, uncertainty over macroeconomic policies in advanced economies

They're blaming bad weather, how cute.