BoJ’s Shirakawa Says Japan Should Restore Finances: Reports

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5:19 GMT

Nov 2009

BoJ’s Shirakawa Says Japan Should Restore Finances: Reports

(RTTNews) - The Bank of Japan’s governor Masaaki Shirakawa said Tuesday that the country needs to improve its finances, reports said quoting the Yomiuri newspaper.

Shirakawa said looking at Japan’s finances on a global scale, the situation was bad and it was necessary to restore the country’s finances to a healthy balance. Moreover, the governor said adopting inflationary policies to reduce the cost of government borrowings would cause various problems.

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