Bank of Japan Governor Masaaki Shirakawa warned on Thursday of major risks to global growth even as he stuck to his view that Japan’s economy is headed for a moderate recovery, signalling the bank’s readiness to maintain its ultra-loose policy bias.
Shirakawa said Japan’s economy was showing signs of picking up, with public works spending on the rise and companies’ capital spending on a moderate uptrend because of rebuilding from last year’s devastating earthquake and tsunami.
(Source: Jakarta Globe)