Governor, Bank of Japan Masaaki Shirakawa of Japan
We need to have an appropriate monetary policy amid the combined risks of recession and inflation," Shirakawa said in a speech.
Shirakawa said that the chances that Japan would hike or cut interest rates remained "50-50.
Shirakawa said central banks across the developed world were in agreement in principle not to raise interest rates simply due to the rising cost of importing oil.
The Bank of Japan (BOJ)'s acting governor Masaaki Shirakawa takes his seat at the start of a news conference at BOJ headquarters in Tokyo March 21, 2008.
transparency," Shirakawa said on Tuesday.
Shirakawa joined the faculty of the graduate school of public policy at Kyoto University in 2006, and returned to the BoJ in 2008.
Before Parliaments action on Wednesday, Shirakawa had already been serving as the banks acting chief since winning approval from Parliament last month to become one of the banks two deputy governors.
Shirakawa takes over at the central bank as Japan, the worlds second-largest economy, after the United States, appears at risk of following the United States into recession.
5 percent, Shirakawa has little room for rate cuts to stimulate growth.
It is important for each country to take monetary and fiscal policy steps that are most appropriate for its economy," Shirakawa said to reporters after his approval, echoing the banks line so far on its response to global financial troubles.
Bank of Japan Governor Masaaki Shirakawa said on Sunday that a rising yen would have a big negative impact on Japan's economy short term.
TOKYO, Nov 21 - Bank of Japan Governor Masaaki Shirakawa said on Friday that global financial markets remained under great strain, hurting Japanese corporate financing, but.
TOKYO, Nov 21 - Bank of Japan Governor Masaaki Shirakawa said on Friday global financial markets remained under great strain and that was hurting the financing efforts of Japanese companies.
TOKYO, Oct 31 - Bank of Japan (BOJ) Governor Masaaki Shirakawa said three members of the bank's policy board wanted an interest rate cut to 0.
Dec 23 - Bank of Japan Governor Masaaki Shirakawa said last week that the central bank's decision to cut interest rates and buy more assets did not mark a return to quantitative easing, an extreme.
TOKYO, Nov 5 - Bank of Japan Governor Masaaki Shirakawa said on Wednesday it was inappropriate for the central bank to focus on asset price moves in guiding monetary policy.
TOKYO, Oct 14 - Bank of Japan Governor Masaaki Shirakawa said on Tuesday he saw no need for the government to guarantee all bank deposits as Japan's financial system is relatively healthy compared with those.
against further cuts in the country's already low interest rates.
its policy interest rate steady at 0.
turmoil that developed out of the US.
Masaaki Shirakawa said that his Policy Board still has tools remaining to support the economy after lowering the key interest rate.
Masaaki Shirakawa was born in 1949.
In a lower house hearing Tuesday, Shirakawa said he would maintain the bank's independence and transparency.
Shirakawa was named general manager of the central banks Oita branch in 1994.
Shirakawa was widely respected for his expertise in monetary policy planning.
A career central banker and expert on monetary policy, the 58-year-old Shirakawa is seen by analysts as a safe choice who is unlikely to cave in to political pressure over monetary policy.
I am resolved to act based on the two principles for the Bank of Japan, which are its independence and transparency, Shirakawa said on Tuesday.
Masaaki Shirakawa is the 30th Governor of the Bank of Japan.
Shirakawa is expected to be formally nominated on Wednesday.
Masaaki Shirakawa said Thursday that Japans economy is in a severe state and that the central bank will do its utmost to keep.
Masaaki Shirakawa expressed concerns about a strong yens adverse impact on the Japanese economy and.
Masaaki Shirakawa said Monday that the yens recent appreciation is one of the factors hurting the nations economy.
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var RTR_ArticleBlurb = "By Leika Kihara TOKYO (Reuters) - Bank of Japan Governor Masaaki Shirakawa said conditions are severe for Japan's economy and monetary conditions are rapidly tightening, in his bleakest comments yet on Japan's deepening recession.
TOKYO (Reuters) - Bank of Japan Governor Masaaki Shirakawa said conditions are severe for Japan's economy and monetary conditions are rapidly tightening, in his bleakest comments yet on Japan's deepening recession.
Speaking just two days before Japan's central bank meets to review rates, Shirakawa said the BOJ would take appropriate action and he was examining the effects of quantitative easing.
Shirakawa said he was examining the effects of quantitative easing and zero interest rates -- a policy where central banks flood the banking system with money to promote lending.
Shirakawa was selected to be a Deputy Governor of the BOJ.
Shirakawa has become the Governor in April.
Interestingly, Mizuho had a piece a few months ago that also suggested Shirakawa was not an instinctive rate cutter, but for another reason.
Specifically, it noted Shirakawa joined the BoJ in 1972, just before core CPI went over +20% yoy, and the overnight rate went to 14.
Shirakawa said BoJ would focus to stabilize the financial market.
Shirakawa is scheduled to attend a meeting of the Bank for International Settlements.
TOKYO, Dec 19 (Reuters) - Bank of Japan Governor Masaaki Shirakawa said on Friday that the bank's decision to cut interest rates and buy more assets did not mark a return to a quantitative easing policy.
TOKYO, Dec 16 (Reuters) - Bank of Japan Governor Masaaki Shirakawa said on Tuesday that the central bank needs to lower its view on the outlook for the Japanese economy.