Bank of Japan Gov. Masaaki Shirakawa called the Ministry of Finance's decision to step into the currency market at the end of October an appropriate decision. "The government's move to respond to excessive foreign exchange rate movements was appropriate and it is seen as contributing to exchange rate stability," Shirakawa said in an interview with the Yomiuri Shimbun. Regarding the European sovereign debt crisis, Shirakawa indicated to the paper he sees the situation as worsening and that the effectiveness of financial easing has its limitations. He also said that there is a "high possibility" that growth in the ... (full story)