Economic Calendar

Tuesday, December 16, 2008

Shirakawa Says Tankan Showed Business Conditions Are Severe

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By Lily Nonomiya

Dec. 16 (Bloomberg) -- Bank of Japan Governor Masaaki Shirakawa said yesterday’s Tankan corporate confidence survey showed business conditions are severe.

Investors are shunning risk and monetary conditions are becoming less accommodative, and that may hurt the economy, Shirakawa said in parliament in Tokyo today.

To contact the reporter on this story: Lily Nonomiya at lnonomiya@bloomberg.net




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