Friday, June 15, 2012

BOJ says will do utmost to ensure financial stability

    The Bank of Japan said there is a high degree of uncertainty surrounding the global economy, both in Europe, the United States and in emerging markets, but it would do its utmost to ensure stability in Japan's financial system.
     Speaking after the BoJ held interest rates unchanged at around 0 to 0.1 percent, the monetary board said in a statement:
    "There remains a high degree of uncertainty about the global economy, including the prospects for the European debt problem, the momentum toward recovery for the U.S. economy, and the likelihood of emerging and commodity-exporting economies simultaneously achieving price stability and economic growth."
      "The Bank will also do its utmost to ensure the stability of Japan's financial system, while giving particular attention to developments in global financial markets," the BoJ said.


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