Hayami says BOJ has more policy options

JAPAN - Bank of Japan Governor Masaru Hayami said on Tuesday the BOJ had more policy options up its sleeve to fight deflation, suggesting more unconventional steps are being considered to dig the economy out of its rut.

Underscoring the need for action, the bank said in its monthly report that economic recovery remained a faint prospect and a research firm said it expected a more bankruptcies in the months ahead as low share prices and deflation take their toll.

Responding to criticism that the