Masaaki Shirakawa, the governor of the Bank of Japan, said Monday that the central bank's comprehensive monetary easing is motivated by the same purpose as quantitative easing in the United States: to provide accommodative financial conditions through a decline in interest rates.
At a meeting with business leaders in Nagoya, Shirakawa said the central bank's recent monetary easing measures aimed to achieve "accommodative financial conditions by lowering interest rates on securities of longer mat
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