Highlights: IMF, World Bank meetings in Tokyo 9:29am EDT TOKYO (Reuters) - The following are comments on Friday from finance officials in Tokyo for the semiannual meetings of the International Monetary Fund and World Bank. BANK OF JAPAN GOVERNOR MASAAKI SHIRAKAWA: "The global economy has not yet returned to robust growth ... It is inevitable that economic growth would stagnate as debt is reduced, because economic agents will reduce spending while they reduce debt." "Inopportune and inappropriate policies driven by discontent by (the) general public ... destabilize the global economy." "No responsible policymaker could dismiss the cross-border, spillover effect of their policies. Central bankers are buying time (with their ultra-easy policies) ... and the time must be used wisely. Monetary policy cannot replace structural reforms (that must be) undertaken by government." RESERVE BANK OF AUSTRALIA GOVERNOR GLENN STEVENS: "There is a long way to go in Europe, but to give some credit where
Raymond Clough dnomyar34@raymondclough.com
- TOKYO (Reuters) - The following are comments on Friday from finance officials in Tokyo for the semiannual meetings of the International Monetary Fund and World Bank. |
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