BoJ acting boss warns on rate assumption

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TOKYO, Mar 22 (Reuters): Acting Bank of Japan (BoJ) Governor Masaaki Shirakawa said yesterday that dealing with global market turmoil was his top priority, but warned those expecting a cut in interest rates that he has no preconceptions on where to take monetary policy.
Japan has entrusted the BoJ to Shirakawa, its first temporary governor in more than 80 years, as central banks work together to combat a credit crisis and calm gyrating markets.
"To appropriately deal with the turmoil in international financial markets triggered by the US subprime loan problems is the most important task," Shirakawa told reporters.