Bank of Japan Governor Masaaki Shirakawa on Thursday said that the central bank will continue powerful monetary easing and warned that uncertainty over global economy still remained high.
In a speech at a quarterly meeting of the central bank's regional branch managers, Shirakawa said the BoJ will pursue powerful easing to help the economy overcome deflation and return to a sustainable growth path.
He noted that the global economic uncertainty remained high particularly given the prospects for the European debt problems, higher international commodity prices, and the tough job faced by emerging and commodity-exporting economies to achieve both price stability and economic growth.
At the end of its two-day monetary policy meeting on Tuesday, the central bank refrained from another round of monetary easing. Markets widely expect the bank to announce additional stimulus at its next meeting scheduled for April 27.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.