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BOJ Shirakawa: vowed continued active support for economy at G20

Published 04/15/2011, 09:52 PM
Updated 04/15/2011, 09:56 PM

WASHINGTON, April 15 (Reuters) - Bank of Japan Governor Masaaki Shirakawa said on Friday that he told a Group of 20 meeting the BOJ would continue to actively support the economy and markets, but that Japan's financial system and markets remained highly resilient in the wake of last month's devastating earthquake and tsunami.

He told a news conference after a meeting of G20 financial leaders that he believed he gained his counterparts' understanding that Japan's economy would resume a moderate recovery once supply constraints caused by the disaster had eased.

Finance Minister Yoshihiko Noda told the same news conference that Japan must move quickly to compile a second emergency budget to fund reconstruction of disaster-hit areas, to follow an initial budget for disaster relief which is due to be submitted to parliament this month. (Reporting by Leika Kihara; Editing by Edmund Klamann)

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