Fukui again says rates must rise

In further comments on Japan's interest rates, Bank of Japan governor Toshihiko Fukui said Thursday 17 May rates should increase gradually to support economic growth amid price stability.

"Low interest rates, if left too long at levels that do not reflect economic fundamentals, could distort the distribution of resources and hinder the economic recovery," Fukui told a press conference after a two-day meeting of the central bank's policy board, which left the overnight call rate target unchange

To continue reading...