Bank of Japan Stepping it Up?

Is the Bank of Japan stepping things up? In a very unusual move, BoJ Governor Shirakawa said earlier today:

“There are substantial fluctuations in the foreign exchange and stock markets mainly against the backdrop of growing uncertainty about the outlook for the U.S economy. The Bank of Japan will carefully monitor such developments and their effects on Japan’s economy”.

3 Comments

  1. The concerns with Japan’s banking system only demonstrates that the there is a world economic crisis and not just in the US. Everone is tied together, when one major currency fluctuates due to the economy so do others.

    Reply

Leave a Comment.