28 February 2002, 11:52 Hayami Says Govt Should Inject Public Funds Into Banks Quickly
The Japanese government should "promptly" inject public funds into
troubled banks to prevent a crisis, BOJ Governor Masaru Hayami
reportedly said at a press conference following the BOJ meeting. He also
said the government should consider injecting funds into banks as a
preventative measure, adding he would prefer to see the injection
before the March 31 year-end. Also said that the BOJ may reduce its JGB
buying if the economy improves, saying too much BOJ buying could hurt
its credibility.
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