Bank of Japan's Shirakawa Returns Early to Tokyo Amid Reports of Meeting
Bank of Japan Governor Masaaki Shirakawa
Andrew Harrer/Bloomberg
Bank of Japan Governor Masaaki Shirakawa.
Bank of Japan Governor Masaaki Shirakawa. Photographer: Andrew Harrer/Bloomberg
Bank of Japan Governor Masaaki Shirakawa returned to Tokyo today, cutting short a visit to the U.S. following reports the central bank is considering holding an emergency meeting.
Shirakawa decided to return a day early from the U.S., where he was attending a Federal Reserve event in Jackson Hole, Wyoming, central bank spokesman Satoshi Yamaguchi said in Tokyo today, without elaborating.
The central bank may hold a meeting as early as tomorrow to discuss policy easing measures that could help weaken the yen, Dow Jones reported, citing people familiar with the situation. Prime Minister Naoto Kan Aug. 27 said he expects the bank to implement policy “swiftly” and the government is ready to take “bold action” in the currency market.
The central bank may expand a three-month 0.1 percent loan facility, increasing the supply of funds from 20 trillion yen ($230 billion) or extend the duration of loans to six months, Dow Jones reported.
To contact the reporter responsible for this story: Naoto Hosoda in Tokyo on nhosoda@bloomberg.net
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