• Even after deflation is overcome, hope to continue talks with BOJ
  • Worried about stock price falls, will keep watch
  • Want end to deflation in fiscal 2011/12
  • Japan not yet in self-sustaining economic recovery
  • Yen’s rise seems to reflect U.S. economy’s moves, Europe’s share falls
  • Hard to tell how long yen’s strength will continue
  • Hope to set direction for tax reform by next March