17 October 2001, 09:42  Shiokawa hopes BoJ will make further efforts in developing monetary policy

TOKYO (AFX-ASIA) - Finance Minister Masajuro Shiokawa said he hopes the Bank of Japan will make further efforts in developing its monetary policy. "I am hoping that the BoJ will make further efforts in its monetary policy," he told AFX-ASIA. Earlier, Shiokawa told a Lower House parliamentary committee: "Although the BoJ is taking monetary easing measures, the effect is insufficient. We are worried that CPI and the WPI are continuing to fall." On the issue of whether the government will issue new bonds, beyond its 30 trln yen limit, to cover anti-terrorism spending and expenditures related to bad debt disposals, he said: "It is unclear at this stage."

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