14 February 2001, 11:50  JAPAN'S KURODA: RATE CUT, LIQUIDITY STEPS TO HELP ECONOMY

Vice Finance Minister for International Affairs Haruhiko Kuroda reportedly expects BOJ rate cut and liquidity steps to help economy. However, he noted that he should not tell BOJ what to do on monetary policy. He also said a big debate on FX was unlikely at the Feb 17 G-7 meeting. The euro should strengthen against the dollar and yen, given fundamentals. Also, there is no need for pessimism about global economy, despite US slowdown and no need to cut 1.2% growth target for FY2001 or 1.7% for FY2002.

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