Bank of Japan’s Kamezaki Comments

Written June 3, 2009 at 12:37 AM EST by  

BOJ’s Kamezaki: Must examine upside risks of accomodative policy; Expects production to start recovering before long, but still watching downside risks to economy and prices

- Employment deterioration to become more evident
- Prices likely to continue moderate decline; Must watch FX, commodity market impact on prices
- Expects overseas economies to bottom out this year, US economic recovery likely to be slow
- Uncertainty over Japan’s outlook is high
- Massive debt issuance may increase interest rates in Japan and other countries

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