Sunday, September 4, 2011

BOJ Calls Japan Fiscal State 'Very Serious'

Sunday, September 4, 2011

TOKYO – The head of the Bank of Japan again called on the government to tackle its "very serious" fiscal state Saturday, a day after Fitch Ratings became the latest credit ratings agency to lower the outlook for the nation's burgeoning sovereign debt.

Highlighting the risks of losing market confidence, BOJ Gov. Masaaki Shirakawait would spark "a negative mutual interaction" involving the nation's fiscal state, the financial system and the real economy that would undermine economic activities.

Mr. Shirakawa also dismissed talk of directly purchasing government debt to help the government pay for reconstruction in the aftermath of the March ...

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