Oct. 31 (Bloomberg) -- Bank of Japan Governor Masaaki Shirakawa said he hopes that intervention will help stabilize the foreign-exchange market.

He said in a speech in Osaka today that the European debt crisis was contributing to the yen’s gains.

To contact the reporter on this story: Toru Fujioka in Tokyo at tfujioka1@bloomberg.net

To contact the editor responsible for this story: Ken McCallum at kmccallum4@bloomberg.net