BOJ's Shirakawa:BOJ alone cannot stop deflation

Mon Feb 15, 2010 10:01pm EST

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(For more stories on the Japanese economy, click [ID:nECONJP])

TOKYO Feb 16 (Reuters) - Bank of Japan Governor Masaaki Shirakawa said on Tuesday the central bank will do what it can to end deflation but it cannot end deflation on its own.

"We are serious about ending deflation. It will take time and it's not something the BOJ alone can achieve. But we will be doing all we can," Shirakawa told the lower house budget committee. (Reporting by Hideyuki Sano)

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