16 February 2001, 17:06 BOJ HAYAMI: ECON NOT FALLING INTO DEFLATIONARY SPIRAL
BOJ governor Hayami reportedly told the government's Council on Economic and
Fiscal Policy that the Japanese economy is not going to fall into a
deflationary spiral, an official said. But he said downside risks are
increasing for the economy. He also said the BOJ would continue
supporting the economy through its monetary policy. The BOJ would also
watch the possible impact of weaker shares on the economy.
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