BOJ's Nishimura: risks from Europe remain large

OKAYAMA, Japan Wed Apr 18, 2012 1:49am EDT

Related Topics

OKAYAMA, Japan (Reuters) - Risks from Europe's debt problems remain large, although there is a lower chance of a Lehman-type shock, Bank of Japan Deputy Governor Kiyohiko Nishimura said on Wednesday.

"I wouldn't say a major change has occurred in Europe in the past few months. Risks remain and they remain large," Nishimura said in a news conference.

The BOJ holds its next rate review on April 27 where it will consider easing monetary policy by boosting government bond purchases under its asset-buying program, sources familiar with the central bank's thinking have said.

A former university professor and a statistics expert, Nishimura joined the board in 2005 and was appointed a deputy governor in March 2008.

He has been among board members more pessimistic about Japan's economic outlook and surprised markets by proposing unsuccessfully in April last year that the BOJ should boost its asset purchases. He has voted with the majority since then.

(Reporting by Rie Ishiguro; Editing by Joseph Radford)


Recommended Newsletters

Reuters U.S. Top News
A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day.
Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.
Reuters Technology Report
Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents.