TNBiz (TNBiz)
Markets  |  June 19, 2012 14:25:11

Central banks are ready to provide liquidity to the market


TOKYO (MEDIAFAX) - Central banks work closely together and are ready to supply liquidity to the market in case of worsening debt crisis Eurozone. Informed about it on Tuesday, Reuters, referring to the Bank of Japan Governor Shirakawa Masaakiho.

It is the currency bloc debt crisis is growing interest of investors in the Japanese yen, damaging Japanese export to Europe and in theory could destabilize the banking system.

"During the collapse of investment bank Lehman Brothers, we have experienced the disintegration of the stability of the financial system has a dramatic impact both on the global economy and on Japan's economy," Shirakawa said.

"Central banks are ready to closely cooperate in providing liquidity to markets," Shirakawa said, with the debt crisis in the euro area remains the most important risk for the Japanese economy.

Tomáš Králíček, kralicek@mediafax.cz

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