• Japan economy taking steady steps towards end of deflation
• Wants to help private banks’ own intiatives with new growth steps. Will talk with banks to formulate new steps
• Does not have quantitative target for new measures
• Effects of low interest rates are strengthening. Will help autonomous domestic demand recovery ahead
• No preset idea on future policy
• Financial markets stable overall despite Greek debt problems
• No government requests for steps to help growth
• Root cause of deflation lies in slide in Japan’s economic growth expectations
• Decline in Japan productivity at heart of problems facing economy
• BOJ’s steps in 1998-1999 an example to look at for new measures