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Japan govt spokesman want BOJ to take proper steps
TOKYO - Japan's top government spokesman said on Friday that he hoped the Bank of Japan would make an appropriate decision on monetary policy later in the day based on the current economy and prices.
‘I hope it will conduct appropriate policy taking into account Japan's real economy, economic policy management as well as price conditions,’ Chief Cabinet Secretary Takeo Kawamura told a news conference.
The central bank is expected to debate cutting already rock-bottom interest rates or take further steps to ease corporate credit strains on Friday, as the yen's sharp rise and crumbling global demand hit an economy already in recession.
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