Japan PM, BOJ gov may postpone meeting -Jiji

(For more stories on the Japanese economy, click [ID:nECONJP])

TOKYO, Aug 21 (BestGrowthStock) – Japanese Prime Minister Naoto Kan
and Bank of Japan Governor Masaaki Shirakawa may not meet next
week as expected, Jiji news agency reported.

Financial markets had expected Kan to pressure the BOJ for
action in the face of the yen’s strength.

But Jiji, in a report late on Friday, said the government
is considering postponing the meeting to avoid giving an
impression that it is intervening with the BOJ’s policy
decisions.

Kan and Shirakawa may hold a teleconference instead, it
added.

Markets have been rife with speculation that the BOJ may
try to pre-empt government pressure to further loosen its
already easy policy at an emergency meeting before or shortly
after Shirakawa’s expected meeting with Kan.

But the BOJ is unlikely to act before its next regular
policy meeting on Sept. 6-7 unless the yen heads towards its
all-time high past 80 to the dollar at a pace of 2 to 3 yen per
day, sources say. [ID:nTOE67I06G]
(Reporting by Sachi Izumi, editing by Miral Fahmy)

Japan PM, BOJ gov may postpone meeting -Jiji