BOJ eases credit

TOKYO, Japan - Bank of Japan Governor Masaru Hayami speaks to the media on the central bank's decision Sept. 18 to further ease its grip on credit in order to help quell fears of a global recession in the wake of last week's terrorist attacks in the United States. The bank will cut its official discount rate by 0.15 percentage point from the current 0.25% to a historic low of 0.10% per annum, effective Sept. 19.

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2001/9/18 00:00:00

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Kyodo / Kyodo News Images

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2001 Kyodo News

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