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BoJ Shirakawa: Europe Posed Biggest Risk To Japan's Recovery

6/20/2012 6:31 AM ET

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.

by RTT Staff Writer

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