The Bank of Japan already implemented powerful monetary easing to stem sharp gains in yen, Governor Masaaki Shirakawa was quoted as saying on Wednesday.
According to reports, Shirakawa told the House of Representatives Special Committee on earthquake reconstruction that the Bank of Japan has taken strong measures, which are not done by any other central banks, such as buying government bonds and exchange-traded funds, to support economic recovery. Japanese Finance Minister Jun Azumi on Tuesday urged Europe to implement its Greek rescue measures quickly and transparently after euro fell to 10-year low against yen amid concerns of a deepening debt crisis.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.