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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