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WASHINGTON (MNI) – Without sustainable fiscal developments, a
central bank cannot properly work, Bank of Japan Governor Masaaki
Shirakawa said Saturday.
Speaking at a panel discussion at the IMF, Shirakawa said, “Fiscal
sustainability itself is an important precondition for the proper
functioning of a central bank.”
Frankfurt bureau tel.: +49-69-720142. Email: dbarwick@marketnews.com
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