Hayami defends BOJ decision to scrap zero-rate last Aug.

Hayami defends BOJ decision to scrap zero-rate last Aug.

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami listens to reporters' questions at a press conference at the bank's Tokyo head office March 19. He defended the central bank against charges it erred Aug. 11, 2000, when it scrapped its zero-interest-rate policy. Hayami met the press shortly after the BOJ Policy Board decided to conduct quantitative easing of monetary policy to help turn the foundering economy around.

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