BOJ's Nakamura: overseas econs face downside risks

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

ASAHIKAWA, Japan, June 26 (Reuters) - Bank of Japan policy board member Seiji Nakamura said on Thursday strong downside risks exist for overseas economies and the outlook is very uncertain.

But Nakamura said there was no change in the central bank's view that the global economy will not enter a serious adustment phase and that it will sustain moderate growth as a whole.

"When uncertainty is very high, it is inappropriate to have a preset idea on the direction," on the next policy move, Nakamura said in a speech to business leaders in Asahikawa, northern Japan.

Formerly president of a shipping firm, Nakamura has toed the BOJ's official line on monetary policy and has voted with the majority of the board to keep rates steady since joining in April last year. (Reporting by Leika Kihara; Editing by Chris Gallagher)