No need to return to zero-rate policy - Miyazawa

- Central Banking staff
- 08 Dec 2000

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Japanese finance minister Kiichi Miyazawa said Friday he does not think the Bank of Japan (BOJ) needs to restore its zero-interest-rate policy, although the economy needs to be watched carefully in the areas of personal consumption and employment. When asked whether the zero-rate policy needs to be restored, Miyazawa told a press conference, "I do not think so."

Some politicians are calling on the BOJ to further ease monetary policy, saying the central bank's decision in August to end the zero

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