• Won’t decide policy with fx level in mind
• Yen rise affects exports
• Sees recent fx moves as yen strengthening
• No comment on mkt speculation of forex intervention
• Forex policy is under jurisdiction of government
• Understand Japanese firms are sensitive about fx moves
• Need more time to guage yen rise impact on corporate mood
• Yen rise impact on corporate mood depends on length, pace of yen rise
• Want to act soon if more steps available to boost Japan’s potential growth
• Business sentiment has improved significantly compared with during Dubai shock
• Upside, downside risks for Japan economy evenly balanced