RTTNews - Wednesday, Bank of Japan's policy board member Hidetoshi Kamezaki told business leaders in Shizuoka that the central bank should implement policies proactively depending on changes in economic conditions.
Kamezaki sees recovery in the near term due to the effect of stimulus measures and easing pace of production declines. Kamezaki added that the Japanese economy could start falling again if recoveries in overseas are weak and fails to support exports.
Earlier, BoJ Governor Masaaki Shirakawa said economic recovery in Japan and the rest of the world would be mild as removing excesses accumulated over the past several years will take considerable time.
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