• Government must engage market trust in fiscal rebuilding
  • Targeting short-term inflation may be negative for sustained economic growth
  • BOJ must not be seen monetising debt
  • No plan to extend BOJ’s stock-buying scheme when it expires in April
  • Japan economy needs to raise productivity to beat deflation
  • Do not think emerging economies overheating
  • China is dealing appropriately with its own economy
  • Takes 1.5 to 2.5 years for effect of easing to show on economy
  • Slowdown on Japanese bank lending not due to their lack of capital
  • Will watch possible impact of Toyota recalls on economy