TOKYO: Bank of Japan Governor Masaaki Shirakawa said on Saturday that the Japanese economic outlook was very severe and that the central bank would take the appropriate action to support the economy.
Shirakawa made the comments at a financial committee meeting in the lower house of parliament.
The Bank of Japan kept monetary policy unchanged on Thursday even as it lowered its growth forecasts and estimated that the economy tipped into recession early this year, disappointing analysts who felt that the grim data since last month's devastating earthquake called for more policy easing. ' Reuters
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Shirakawa made the comments at a financial committee meeting in the lower house of parliament.
The Bank of Japan kept monetary policy unchanged on Thursday even as it lowered its growth forecasts and estimated that the economy tipped into recession early this year, disappointing analysts who felt that the grim data since last month's devastating earthquake called for more policy easing. ' Reuters
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