Japan PM, BOJ gov talked on phone on forex-Sengoku

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

TOKYO, Aug 23 (BestGrowthStock) – Japanese Prime Minister Naoto Kan
and Bank of Japan Governor Masaaki Shirakawa talked over the
phone on Monday about currency and the economy and agreed to work
closely, Chief Cabinet Secretary Yoshito Sengoku said.

Markets have been rife with speculation that the BOJ may try
to pre-empt government pressure for action and further loosen its
already ultra-easy policy at an emergency meeting before or
shortly after an expected meeting between Shirakawa and 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 Chisa Fujioka; Editing by Joseph Radford)

Japan PM, BOJ gov talked on phone on forex-Sengoku