BoJ's Yamaguchi: private sector key driver

Fiscal and monetary policies are no more than a crutch to facilitate adjustments in and the positive efforts of the private sector, said Hirohide Yamaguchi, a deputy governor of the Bank of Japan.

Yamaguchi said that corporate managers needed to develop their creativity in order to handle the economic downturn as well as the competition. He said that the central bank will support firms' proactive activity from the financial side and at the same time do its utmost as a central bank to promote

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