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BOJ governor voices Europe debt concerns

06-05-2012 09:19 BJT

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Japan's central bank governor has voiced concern over Europe's lingering debt problems, saying the issue remains a critical risk factor for Japan's economic outlook. Addressing a forum in Tokyo on Monday, Masaaki Shirakawa noted the temporary euphoria provided by the ECB's cheap loans in the form of two LTRO's are steadily fading.

Shirakawa said, "From the summer of 2011 to the end of last year, strains in global financial markets intensified due to the effects of the European debt problem. Thereafter, financial markets temporarily regained stability, mainly due to liquidity provision by the European Central Bank (ECB). Recently, however, some nervousness has started to resurface."



Editor:Zhang Rui |Source: CNTV.CN

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