News Headline Summary

Bank of Japan's governor Shirakawa says BoJ will continue to pursue powerful monetary easing


- Japan's economy is weakening, growth is likely to stall for time being.
- Japan's economy is likely to resume moderate recovery as overseas growth emerges from slowdown.

Update details:

- This reiteration that the BoJ will continue powerful monetary easing comes as no surprise as have heard this from Shirakawa and from numerous Japanese officials many times before.
- The Japaneses economy is struggling with deflation and a persistently strong JPY which the central bank has been working to defeat.

Print 03:27, 12 Nov 2012 - Asian News - Source: Newswires