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BoJ Shirakawa Vows To Pursue Monetary Easing; Warns Of High Global Uncertainty

4/12/2012 2:50 AM ET

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.

by RTT Staff Writer

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