Comments on the Bank of Japan's Decision for Additional Reduction of Policy Interest Rates
Hiroshi Shimozuma
Chairman
Kansai Economic Federation
- 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.
- 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
