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MNI (Sydney)
TOKYO (MNI)

Bank of Japan board member Goushi Kataoka said Wednesday that it is necessary for the BOJ to lower both short and long-term policy interest rates through active purchases of Japanese government bonds.

"As for commitment, in order to prevent Japan's economy from falling into deflation, further policy coordination of both fiscal and monetary policy is needed," Kataoka told business leaders in Maebashi City via an online meeting.

He also said that it was necessary for the BOJ to strengthen its policy commitment by relating the forward guidance for policy rates to price targets.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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