In a rare appearance on Japanese TV, Bank of Japan Governor Masaaki Shirakawa says the bank will...

|By:, SA News Editor

In a rare appearance on Japanese TV, Bank of Japan Governor Masaaki Shirakawa says the bank will fight deflation by "persistently" keeping interest rates "virtually zero." BoJ has refrained from unveiling new policies, so the comments may mean the bank's "trying to demonstrate it will do what it can to cooperate with the government" to counter declines. (ETF: EWJ; earlier)