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Japan central bank sees serious pressure on the economy | Treasury.nl
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Dow Jones - The European debt crisis boligmarkedet 2013 coupled with the continued rise of the yen carry the Japanese economy in a serious situation, said Governor of the Bank of Japan Masaaki Shirakawa Monday. He insists that Europe is taking extensive measures to prevent a recurrence. Global financial crisis in 2008
Shirakawa reiterated that the European debt crisis is the biggest risk. According to him, calling the growing fiscal problems, questions about the stability of the financial system, which in turn has repercussions on the real economy.
The central banker believes that European countries should resolve by first carry out the plan. October their problems themselves He added, however, that recourse to the IMF or countries outside the region is also a possibility.
The debt crisis, according to Shirakawa one of the factors that the yen, which is considered a safe haven, have pushed up. "We are aware that the strength of the yen an adverse effect on businesses and the economy in the region", he said.
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