Japan LDP members call for BOJ's Hayami to resign

Some members of the ruling Liberal Democratic Party's (LDP) financial panel called for Bank of Japan Governor Masaru Hayami to resign at a meeting on Feb 14, 2001 a senior panel member said.They criticised Hayami for ending the policy of guiding key rates to zero in August 2000, Kazuyoshi Kaneko told reporters. He also said after a panel meeting that some members were sceptical about the impact of the BOJ's decision on Feb 9 to cut the official discount rate to 0.35 percent from 0.5 percent.

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