BoJ Gov dismissed worries over financial stability

Bank of Japan Governor Masaru Hayami has downplayed concerns that the country's financial stability could be put at risk by falling stock prices. Speaking on Jan. 25 at the Upper House audit committee, the central bank chief said, "there is no need to be alarmed that worries over the financial system will arise before the March 2001 fiscal year-end."

Hayami also said there is no need to be concerned about stock prices at the end of March 2001 because many city banks will start adopting mark-to

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