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Europe Biggest Threat to Japanese Recovery: BoJ

Thursday, 5 Jul 2012 | 6:40 AM ET

"Having positive expectations of Japanese politics is beyond being naïve but this time around we may see policies moving forward, and basically the biggest hindrance to the Japanese economy is the strong Yen and also energy, this is very much correlated to each other," Seijiro Takeshita, director of Mizuho International, told CNBC.