BOJ Shirakawa: mkts still unstable over Greek debt

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TOKYO, May 21 (BestGrowthStock) – Bank of Japan Governor Masaaki
Shirakawa said on Friday financial markets remain unstable due to
the Greek debt problem, and the Japanese central bank is closely
watching current rapid moves in the markets.

Shirakawa declined to comment on currency intervention in
general, including whether Japan would step into the market to
stem the yen’s rise.

He said he was keeping in close contact with his G7
counterparts on market developments.

After a policy meeting that ended earlier on Friday the BOJ
outlined a loan scheme aimed at supporting growth industries and
upgraded its assessment of the economy, and said Europe’s debt
situation needed watching for its impact on the global economy.

It left interest rates at 0.1 percent by a unanimous vote, as
widely expected.

Stock Report
(Reporting by Leika Kihara)

BOJ Shirakawa: mkts still unstable over Greek debt