BoJ’s Mizuno: Global Economic Recovery Is Fragile

(RTTNews) - Thursday, Bank of Japan board member Atsushi Mizuno said the global recovery is fragile and cannot achieve a sustained recovery without support from governments and central banks. Mizuno added that the potential economic growth rate for Japan is likely to be lower than the 1% level estimated by the central bank in April.

In a speech in Okayama, western Japan, Mizuno said that central banks should inform markets about their plans for ending non-traditional monetary policy measures without delay, to avoid any turmoil in financial markets.

On August 11, the BoJ had decided to retain the uncollateralized overnight call rate at 0.1% and refrained from announcing more unconventional measures.

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