BoJ’s Shirakawa considers demographic change in Japan
Masaaki Shirakawa, governor of the Bank of Japan, delivered a speech today (May 30) examining the macroeconomic impact of Japan's aging population.
Opening the 2012 BOJ-Institute for Monetary and Economic Studies conference in Japan, Shirakawa said there was "downward pressure on the Japanese economic growth rate resulting from various channels reflecting the continuing population aging".
However, Shirakawa denied slower growth was a "fate we cannot escape". He outlined some ways in which the
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