Home > Topics > 2008 > Chairman's Comments on the "Bank of Japan's Decision for Additional Reduction of Policy Interest Rates"

Topics

Comments on the Bank of Japan's Decision for Additional Reduction of Policy Interest Rates


      Hiroshi Shimozuma
      Chairman
      Kansai Economic Federation


       

  1. In response to the obvious worsening of the real economy, it is extremely appropriate that the Bank of Japan decided to embark on a reduction of the policy interest rate and adopted expansive measures to facilitate corporate financing.

  2. This reduction is expected to have a positive impact on corporate efforts to procure financing and on stabilizing the foreign exchange and stock markets in synergy with the economic initiatives deployed by the government and the Amended Act on Special Measures for Strengthening Financial Functions. We hope for continued prompt action to counter the global financial crisis while working in close cooperation with the government and central banks of other countries.

End



Back to Top
copyright 2015 Kansai Economic Federation (Kankeiren)