BOJ's Shirakawa:still afflicted by loss of confidence
NEW YORK, April 23 (Reuters) - Bank of Japan Governor Masaaki Shirakawa said on Thursday that the global financial system is still afflicted by the loss of confidence.
In a speech at Japan Society in New York, Shirakawa also said that policy actions are not a substitute for necessary unwinding of economic imbalances created during preceding boom periods.
(Reporting by Nick Olivari; writing by Wanfeng Zhou; Editing by Diane Craft)
© Thomson Reuters 2009 All rights reserved
One Year Later
Mumbai held tearful memorials and police staged a show of strength as it marked the first anniversary of militant raids that killed 166 people and pushed up tensions with Pakistan. Slideshow | Full Coverage
