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BOJ's Nakamura: no more rate cuts needed now |
MATSUYAMA, Japan, Nov 13 - Bank of Japan policy board member Seiji Nakamura said on Thursday he does not think another interest rate cut is needed immediately.
The BOJ will consider a rate cut if the economy deteriorates sharply, but it also has to think about the fact that low interest rates could hamper the functioning of money markets, he told a news conference in Matsuyama, southern Japan.
Earlier he told business leaders in Matsuyama that Japan may be on the brink of a drawn-out adjustment phase as the global financial crisis could slow the world economy. |
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593 |
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13-11-2008 |
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373
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