The Bank of Japan on Tuesday came under heavy political pressure to keep its "zero-interest-rate" policy during a meeting with the government's most influential politicians on economic matters.
During a regular news conference, Finance Minister Kiichi Miyazawa told reporters that BOJ Gov. Masaru Hayami was alone with the opinion that the zero-rate policy should be terminated.
Hayami told the meeting that he would like to see the end of the "zero-rate" policy, which he points out is an abnormal situation, now that deflationary concerns are gone.