Economic and Fiscal Policy Minister Kaoru Yosano on Tuesday urged the Bank of Japan to look carefully at the global market and U.S. economy when discussing this week whether to scrap the "zero-interest-rate" policy, while Finance Minister Sadakazu Tanigaki said he did not want the BOJ to raise the rate.
"I want (the BOJ) to examine whether the global market is really stable and how the outlook on the U.S. economy is, right up to the last minute, before making a decision," Yosano said.
However, the minister has indicated he is ready to accept a rate hike.