BoJ's Fukui on the outlook for Japan's economy

In the speech 'The outlook for Japan's economy and the conduct of monetary policy' given on 15 May Toshihiko Fukui of the Bank of Japan said completing the process of reducing excess funds in the banking system and raising short-term interest rates are two different issues.

"Finishing the reduction of the balance of current account deposits and ending a period of zero interest rates are completely different issues. "While we will look at movements in the money market to gauge the reduction of

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