updated 9/6/2005 11:21:57 AM ET 2005-09-06T15:21:57

U.S. Federal Reserve Chairman Alan Greenspan will visit Japan in October to meet with his Japanese counterpart and give a speech to business leaders, Japan's central bank said Tuesday.

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Greenspan, to visit Tokyo at the invitation of the Bank of Japan, will deliver a speech hosted by Keidanren and two other major Japanese business lobbies on Oct. 18, a bank spokesman said on condition of customary anonymity.

Greenspan's talks with Bank of Japan Gov. Toshihiko Fukui are currently being arranged for Oct. 17 or 18, he said.

The bank spokesman refused to comment on the timing of Greenspan's visit to Japan or topics the two central bankers are expected to discuss.

The announcement of Greenspan's two-day visit comes just as fallout from the hurricane that devastated parts of the U.S. Gulf Coast and high oil prices have added to concern about the U.S. economy and undermined expectations that the U.S. Federal Reserve will raise interest rates further.

Greenspan last visited Japan in January 2000, when he attended a Tokyo meeting of finance ministers and central bankers from the Group of Seven industrialized countries.

Copyright 2005 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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