Fukui: Reserve target adjustment isn't tightening

Bank of Japan governor Toshihiko Fukui told lawmakers Thursday 7 April a ``numerical adjustment'' in the amount of funds the Bank of Japan makes available to lenders wouldn't mean the central bank is tightening monetary policy.

``Any kind of numerical adjustment in the reserve target balance would be a technical one, not an action of tightening,'' Fukui told lawmakers in Tokyo. Such action ``should be interpreted as a technical adjustment that will help prolong the current framework'' of monet