Japan FinMin Jojima says JBIC to provide bridging loans to Myanmar

  • Says Japan will extend infrastructure loans to Myanmar early next year.
  • Loans from JBIC will help Myanmar repay the World Bank, Asian Development bank.
  • Says Europe crisis biggest risk for world economy.
  • Will help Europe while watching their efforts.
  • Says fiscal consolidation a step to support growth.
  • Says Japan real growth in FY 2012 could be 2%.

USD/JPY stuck in the middle of a 20 pip range at 78.09/10.

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