Bank of Japan Governor Masaaki Shirakawa spells out the key to recovery, and coins a new phrase...

|By:, SA News Editor

Bank of Japan Governor Masaaki Shirakawa spells out the key to recovery, and coins a new phrase - "unwarranted pessimism" - along the way. Instead of focusing on short-term measures to spur demand, Shirakawa says "policies that help restore confidence in the public that their income will rise in the future will be most crucial." (ETF: EWJ)