BOJ's Shirakawa statement

15 November 2009 @ 10:43 pm EDT

Mr. Masaaki Shirakawa the governor of the Bank of Japan said today at a Paris Europlace Financial Forum in Tokyo that keeping interest rates in the U.S at its low level will lead to a substantial increase in long term interest rates by increasing inflation and rising forecasts of a continuous weakness in the U.S dollar which means the government will face a fiscal burden increase and it will need to adjust its balance sheet.

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