InsideJapan News Network
Thursday,
24th
December
2009
In Business In Japan,
In Business In Japan,
Bank of Japan: Support will be given until assured recovery
The Bank of Japan (BOJ) governor Masaaki Shirakawa has today (December 24th) given his speech to the board of councillors of Nippon Keidanren in Tokyo about the challenges ahead.
In his review of the year, Mr Shirakawa said since he addressed the forum exactly a year ago, central banks and governments have launched a number of policies to help ease countries out of the global economic downturn.
As a result of this, Japan's economy has been improving since spring, although there are still a number of uncertainties about the future.
"Regarding Japan's economic outlook, we expect that the pace of improvement will remain moderate up to around the middle of fiscal 2010 as pressure to adjust production capacity and employment is likely to remain," he noted.
"Advanced" economies such as Japan are aware that economic stimulus is required until there are reassurances that recovery is firmly in place.
The BOJ has also released the minutes of its monetary policy meeting held on November 19th and 20th.
Written by Mark Smith
Related news stories:
Bank of Japan launches 500 billion yen investment (14th June 2011)
Government calls on BOJ for more post-quake support (5th April 2011)
Bank of Japan hails economic recovery signs (17th September 2009)
DPJ rejects Bank of Japan's new head (12th March 2008)
In his review of the year, Mr Shirakawa said since he addressed the forum exactly a year ago, central banks and governments have launched a number of policies to help ease countries out of the global economic downturn.
As a result of this, Japan's economy has been improving since spring, although there are still a number of uncertainties about the future.
"Regarding Japan's economic outlook, we expect that the pace of improvement will remain moderate up to around the middle of fiscal 2010 as pressure to adjust production capacity and employment is likely to remain," he noted.
"Advanced" economies such as Japan are aware that economic stimulus is required until there are reassurances that recovery is firmly in place.
The BOJ has also released the minutes of its monetary policy meeting held on November 19th and 20th.
Written by Mark Smith
Related news stories:
Bank of Japan launches 500 billion yen investment (14th June 2011)
Government calls on BOJ for more post-quake support (5th April 2011)
Bank of Japan hails economic recovery signs (17th September 2009)
DPJ rejects Bank of Japan's new head (12th March 2008)
Latest Headlines
-
Click on a region above to expand
Order a
Hyper excited about Japan -
17/02/2012
InsideJapan meets Masterchef at Destinations - 27/01/2012
Show Time for IJT – Get your FREE tickets here! - 01/12/2011
Show all stories >>
InsideJapan meets Masterchef at Destinations - 27/01/2012
Show Time for IJT – Get your FREE tickets here! - 01/12/2011
Show all stories >>
Japan's Rakuten invests $100m in Pinterest -
18/05/2012
Solar power shining bright in Japan - 18/05/2012
Japanese economy grows during first quarter - 17/05/2012
Show Japan News archive >>
Solar power shining bright in Japan - 18/05/2012
Japanese economy grows during first quarter - 17/05/2012
Show Japan News archive >>
-2010.jpg "The Guardian, The Observer - Travel Awards 2010 Winner - Best tour operator (small)")
.jpg "Inside Japan Tours - Silver at the British Travel Awards 2009")
