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BOJ's take on global economy

07-04-2011 14:44 BJT

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The Bank of Japan's Governor says the global economy is continuing to recover, albeit at a slower pace.

Masaaki Shirakawa is taking a slightly more cautious view on global growth, as signs of a slowdown spread to emerging economies. Shirakawa is supportive of the Japanese central bank's assessment. It says while the country's economy remains under downward pressure, mainly on output, it's showing signs of picking up.

He predicts Japan's economy will likely resume a moderate recovery, as supply constraints ease further and output activity picks up.

The Bank of Japan is expected to delay on policy easings at its rate review this month, unless the Greek debt crisis is unable to be solved and becomes a threat to Japan's recovery.




Editor:Liu Fang |Source: CNTV.CN

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