- Basic mechanism of Japan economy returning to recovery remains unchanged
- European debt crisis affecting Japan economy through trade path
- Concerns of financial backdrops against European debt crisis not completely erased
- European debt crsis could have significant impact on global economy if solution delayed
- Need to boost growth to improve Japan’s fiscal condition
- Need to reconstruct Japan’s fiscal structure
- Sees stronger sense of stagnation in European economies
- Declines in fiscal credibility would be a huge shock to economy
- Financial markets as a whole stable after N.Korean leader’s death
- Fact that JGBs mostly held by Japanese doesn’t mean JGBS safe
- Will continue to watch carefully geopolitical riska in Asia
- BOJ will keep making policy with eye on price, financial stability next year
- Must be alert to cautious business outlook indicated by firms in Tankan
- Recent rise in bids for BOJ dollar funding operations due to decline in costs
- Japanese banks have no problem in raising dollars
Dow Jones reporting.
