Interest rates in Japan to stay low for sometime to follow

The Bank of Japan (www.boj) board members have re-ititerated their stance that they needed to assure investors that interest rates would stay low even after they end emergency programs to facilitate corporate funding, minutes show.

According to the Central for Japan, "It was most important that the bank clearly explain its basic policy stance of steadily implementing measures to maintain the accommodative financial environment,” according to minutes of their Oct. 13-14 meeting released in Tokyo today.