pain from Europe being felt Discount Canada Goose in Japan

TOKYO, Dec 21 (Reuters) Bank of Japan Governor Masaaki Shirakawa said on Wednesday that the stagnation in Europe economy canada goose coats was having canada goose uk black friday global Canada Goose online implications, with the pain already felt in Japan through weakening buy canada goose jacket cheap trade.

The BOJ kept monetary policy steady on Wednesday, as widely expected, but cut its assessment of the economy on mounting canada goose uk outlet evidence of the canada goose uk shop pain Europe debt crisis is inflicting canada goose coats on sale on global growth and Japan recovery prospects.

JAPAN ECONOMY basic view is canada goose factory sale that the Japanese economy will eventually recover, led by emerging economies growth. We currently buy canada goose jacket discussing whether this would happen in January March or canada goose clearance sale April June, and we will debate further when we Canada Goose Outlet review the outlook report (issued in October).

basic mechanism has not changed, even though I can tell exactly canada goose store when the economy resumes recovery.

need to be mindful of uk canada goose outlet the fact Canada Goose sale that many firms express a canada goose clearance cautious view Canada Goose Jackets about the economy for the time being.

EUROPE CRISIS are various uncertainties with regard to our main scenario, but future developments of Europe sovereign problems remain the biggest risk to the Japanese economy.

have started affecting Japan exports and production through trade channels directly and indirectly, and we need to be mindful of the canada goose risk of them causing a worsening of the global and Japanese economy.

economy is increasingly stagnating with exports and output declining not only in peripheral countries but also Germany.

from canada goose black friday sale Europe sovereign problems are spreading globally through trade and financial channels.

banks are showing movements towards deleveraging due to worsening of the dollar funding environment. This has not yet become a major downside factor for emerging economies, but we need to carefully watch whether this deleveraging could cause negative effects on Asia as well as the Middle East through trade and financial sectors.

delay in dealing with Europe crisis may have a severe impact on the global economy. We must prevent this from happening at all cost.

OLYMPUS decline to comment on the Olympus (raid) case itself. Generally speaking, it is regrettable that questions have been cagooseclearance raised about the transparency and fairness of business management.

is important that accurate information is provided promptly. Business managers must canadian goose jacket act cheap canada goose uk responsibly and based on discipline, and make efforts to maintain capital markets that are transparent and fair.

NORTH KOREA present, it is difficult to determine the financial and economic implications (of the death of North Korean leader Kim Jong il).

news of Kim death, Asian currencies and shares fell but they quickly recovered. Including abroad, financial markets remain stable.

BOJ will closely cheap Canada Goose watch the impact and stands ready to ensure market stability.

JAPAN CREDIT RATING DOWNGRADE trust in the fiscal balance declines, it would be a negative factor for the economy and if Canada Goose Online the trust is lost, it would cause a big shock to the economy.

government bond holdings by uk canada goose domestic financial institutions are a factor of stability in the short term but no guarantee of safety for the future. Whether government bonds can be Canada Goose Coats On Sale absorbed or not as a trend is determined more by the sustainability of the fiscal balance Canada Goose Parka and a country commitment to sustaining the balance.