Hayami-BoJ to increase JGB outright buys if needed

Bank of Japan Governor Masaru Hayami reiterated Mar 22, 2001 that the central bank will increase its outright purchases of government bonds only when needed. "We will check that (JGB outright buying) won't exert inflationary effects," Hayami said at a regular press conference.

Hayami said that though there had only been two business days since the BOJ decided to introduce its new quantitative easing policy, he believed financial markets have reacted positively to the move."I think the stock ma