Vice Finance Minister Toshiro Muto said Thursday that the Bank of Japan does not need to restore a “zero-interest-rate” policy, despite calls by some politicians for a further easing of monetary policy.
“We are not insisting that the zero-rate policy be restored,” Muto told a regular press conference. “We are concerned that brisk corporate capital investment has not stimulated personal consumption, but that does not mean we should ask (the BOJ) to return to the zero-rate policy.”
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