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BOJ
BOJ: MNI POLICY: Funo: BOJ Won't Raise Rates, Must Watch Risks
- Bank of Japan (BOJ) board member Yukitoshi Funo said Wednesday that the
board's decision of allowing the 10-year interest rate to move widely in July
doesn't mean that the BOJ will raise interest rates. In a speech to business
leaders in Kochi City, southern Japan, Funo said that "if (the BOJ) maintained
the powerful easy policy, it would affect business conditions at financial
institutions through a drop of margin from loans, which in turn will create the
risk of a pullback in financial intermediation."
- For full story see MNI Main Wire at 02:12 GMT 11/07, or contact us for full
access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com