Many banks in Japan, policy makers said the government must steadily promote financial reform, Japan's long-term interest rates remain stable, the central bank in August policy meeting minutes show day (Tuesday).
The central bank's large-scale purchases of government bonds limit the long-term interest rates, and even overseas bond yields rise and improvement in business conditions in Japan, minutes quoted Many members said.
"One member said that if the government's efforts on restoring fiscal health weakened against excessive expectations, the Bank of Japan will keep interest rates steady through its bond purchases in the background, long-term interest rates may rise undermine confidence in the market for government bonds and damage effects the central bank's policy, "meeting said.
On August 7-8 meeting, the Bank of Japan kept monetary policy steady and held to change its assessment of the economy, preferring to wait for more clues to whether the data will be increasingly active to encourage enterprises to increase spending.
The central bank raised the assessment, then in September meeting that the economy is slowly recovering, reflecting the bright signs in capital spending.
In April, the Bank of Japan provided a strong stimulus burst of commitment doubling the money supply in order to meet its inflation target of 2%, in about two years. It withstood the pat on policy since then.
 



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