TOKYO, November 30 – Masaaki Shirakawa, Bank of Japan governor, said on Monday that the central bank shared the government’s view that Japan was in moderate deflation and added the BoJ is always prepared to act promptly and decisively to ensure financial market stability.
The government, worried about the risk of another recession, is putting pressure on the BoJ to do its part to support the economy, although the central bank has said there is little it can do beyond keeping rates very low to push up prices.
