10 October 2001, 13:22  Hayami - Cabinet ministers made no requests to BoJ on monetary policy

OKYO (AFX-ASIA) - Bank of Japan governor Masaru Hayami said cabinet ministers made no requests concerning monetary policy to the BoJ when the government and ruling parties gathered to assess the latest monetary and economic reports. "There was no request to the BoJ from cabinet ministers during the meeting," Hayami told reporters after the meeting. "However, ministers are showing some interest in the decline in bank lending," he added. On the BoJ's policy meeting which starts tomorrow, Hayami said the board meeting will take place over two days as scheduled. He added: "The Resolution and Collection Corp can procure necessary funds to finance purchases of bad loans from banks through the financial markets," meaning there is no need for injections of public funds.

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