Bank of Japan Governor Masaaki Shirakawa repeated Wednesday that the financial turmoil in Eurozone posed the biggest risk to Japan's economic recovery.
He said that a major crisis was averted following the Greek elections outcome, that saw the pro-bailout parties emerging winners.
But still, Greece continues to be in a severe situation, Shirakawa noted. He also stressed on the need to keep a close watch on developments in Spain.
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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.