Shirakawa Speaks in Tokyo
Written December 24, 2009 at 5:11 AM EST by John Teister
In speech given at a Keidanren meeting in Tokyo, BOJ governor Shirakawa made the following statements:
- The global economy has much to overcome before recovering.
- Global economy has improved since the spring.
- Japan’s economy is picking up.
- The momentum for a self sustained recovery is weak.
- Funding conditions for large firms is improving.
- Comapnies still cautious about funding.
- Pace of Japan’s recoery may slow early next year.
- He doesn’t expect the recovery to be cut short.
- pace of price declines will gradually slow down.
- Must boost demand to stem price declines.
- The economic recovery is driven by policy stimulus.
- He is ready to act promptly, decisively when needed.
- BOJ price view will help stabilize markets.
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