12 February 2002, 09:35 Shiokawa - Govt hopes BoJ will raise JGB purchases to 1 trln yen/mth
TOKYO (AFX-ASIA) - Finance Minister Masajuro Shiokawa said the
government hopes the Bank of Japan will help to prevent deflation by
raising its monthly outright purchases of government bonds to 1 trln
yen from the current 800 bln.
"We know the BoJ's efforts to provide ample liquidity helps to
prevent deflation and the government wants the bank to increase its
outright purchases of government bonds to 1 trln yen from 800 bln," he
said.
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