Fujiwara-Can't say if return to zero rate possible

- Central Banking staff
- 07 Dec 2000

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Bank of Japan (BOJ) deputy governor Sakuya Fujiwara said on Thursday he could not say whether it was possible to return to a policy of guiding the key overnight call rate virtually to zero.

But he also told reporters in Kobe, western Japan, there was no need to change the central bank's monetary policy stance at the moment, given current economic conditions.

At a meeting on August 11, the BOJ's policy board decided to end its 18-month-old zero rate policy and to guide the key unsecured overnight

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