Japan's Shirakawa sees mild recovery ahead
Masaaki Shirakawa, the governor of the Bank of Japan, was guardedly optimistic in his outlook for the economy.
Shirakawa said that the sharp deterioration in economic and financial conditions, both in Japan and globally, had started to level out. He added however that given that the economic downturn occurred during at a time of large-scale macroeconomic adjustment, it was very likely that the severe economic conditions would continue for some time.
The governor made the comments on 25 May.
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