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The American Empire in a Changing World



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Thursday, March 1, 2012

Bank of Japan: "Europe must build larger 'firewall' quickly"

"European leaders must make efforts to expand as soon as possible the region's financial "firewall" to help prevent further deterioration amid the eurozone sovereign debt crisis, a Bank of Japan policymaker said Wednesday.
Hidetoshi Kamezaki, a member of the BOJ's Policy Board, also expressed concern that a rise in electricity charges, being considered by Japanese utilities, as well as possible power supply shortages in the country could weaken potential economic growth."

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