News Headline Summary

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

Says;

- 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.

Analysis details (21:39)

- 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.

11 Nov 2012 - 21:27 - Fixed Income - Source: Newswires

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