The economy will keep growing, though global financial markets remain volatile following the U.S. housing slump, Bank of Japan Gov. Toshihiko Fukui said Monday.
"It's highly likely that Japan will achieve long-lasting economic growth," Fukui said at a quarterly meeting in Tokyo of the BOJ's regional branch managers. Still, "there are some uncertainties in the global economy, such as downside risks for growth in the United States."
Fukui reiterated that the central bank will "implement monetary policy appropriately by closely examining economic and price data." He used the same language to describe the BOJ's policy stance at the previous meeting of regional heads in July.