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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