Reuters: US Dollar Report: BOJ Shirakawa: Europe debt crisis biggest risk to Japan recovery

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BOJ Shirakawa: Europe debt crisis biggest risk to Japan recovery Jul 24th 2012, 01:36 TOKYO, July 24 | Mon Jul 23, 2012 9:36pm EDT TOKYO, July 24 (Reuters) - Bank of Japan Governor Masaaki Shirakawa said on Tuesday that Europe's sovereign debt crisis remains the biggest risk to Japan's economy, which is heading for a gradual recovery. "If Europe's debt problems escalate, they could affect Japan's economy" by hurting trade and business sentiment, as well as boosting the safe-haven appeal of the yen, Shirakawa told a parliamentary committee.

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