Bloomberg News

BOJ’s Nishimura Sees Risks to Outlook for Economy, Prices

November 30, 2011

(Updates with Nishimura comment in the second paragraph.)

Nov. 30 (Bloomberg) -- Kiyohiko Nishimura, a deputy governor of the Bank of Japan, says the central bank needs to be mindful of risks to economic growth.

The central bank is aware that its assessment of the outlook for the economy and prices has the potential to be cut “depending on developments in global financial markets and overseas economies,” Nishimura said in a speech in Kyoto, western Japan today. He noted a slowdown in overseas economies and gains by the yen.

More time is needed to confirm that price stability is in sight, he said.

--Editors: Paul Panckhurst, Lily Nonomiya

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

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net


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