"I would always phrase that in a better way in a public statement," said Key. "I would have said it better. I apologise for that."
Key also confirmed that the Crafar farms decision was more likely tomorrow than later today, and reprised arguments that only 1 percent of New Zealand farmland was in foreign owners' hands.
Key said he took the view that "some overseas purchases put some competitive tension in the market and that's OK" since it raised the price its New Zealanders could obtain on the open market.
He also claimed that the Ministers assessing the Overseas Investment Office recommendation on the Shanghai Pengxin bid for the Crafar farms had very little room to decline it if the application met the letter of the law governing foreign farmland purchases.
To turn down a recommendation would be to invite review by the courts, which Ministers would seek to avoid, he said.
A consortium of New Zealand bidders, led by merchant banker Michael Fay, has already sought a judicial review of the recommendation, even before Associate Finance Minister Jonathan Coleman and Land Information Minister Maurice Williamson announce their decision.