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Mon, Mar 10, 2003 - Page 12 News List

Japanese minister backs BOJ policy

LIMPING DRAGON Financial Services and Economy Minister Heizo Takenaka said that `drastic measures' need to be taken by the central bank to help ailing markets

AFP , TOKYO

The amount is considered large as market interventions cost authorities some ¥3.2 trillion in the whole of 2001 and ¥4 trillion last year, it said.

The authorities want to prevent the yen's rise, particularly because the stock market is now at a 20-year low, it said.

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