27 February 2002, 08:23  Japan's Fukuda believes BoJ unlikely to decide on more easing tomorrow

TOKYO (AFX-ASIA) - Cabinet Secretary Yasuo Fukuda said he believes the Bank of Japan is unlikely to decide on further monetary easing at its policy board meeting tomorrow, though he suggested the bank may act in a month's time. Asked whether a commitment from the BoJ this morning to consider aligning policy with the government means it will likely launch further monetary easing, Fukuda said: "The BoJ does not aim to achieve that tomorrow." However, he noted that the central bank meets once a month. "The government and the central bank share a common view on the economy. If there is a common view on the economy, the BoJ's response will be the same as the government," Fukuda said. "It doesn't mean we will do nothing over the month. It is important to continue making efforts to share a common view." Bank of Japan governor Masaru Hayami offered this morning a commitment to the government to consider further monetary easing at the bank's policy board meeting tomorrow, according to Finance Minister Masajuro Shiokawa. Shiokawa, Hayami and Fukuda attended this morning's unofficial meeting to discuss anti-deflation measures, along with State Minister for Economic and Fiscal Policy Heizo Takenaka and Minister of Financial Affairs Hakuo Yanagisawa.

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