Shirakawa Says Economy to Remain Weak as BOJ Prepares to Meet
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Bank of Japan Governor Masaaki Shirakawa said that the nation’s economy remains weak as the central bank prepares to decide whether to add to stimulus for the fourth time in five months.
“Exports and production are decreasing as the global slowdown continues,” Shirakawa said at a gathering of BOJ branch managers in Tokyo today, adding that the bank will pursue “powerful monetary easing.”