• Will not link policy timing automatically to price outlook
  • Reckless buying of JGB’s could trigger sudden bond yield spike
  • Understands Maehara’s views on monetary policy, government understand’s BOJ resolve to beat deflation
  • Maehara’s attendance was meaningful, BOJ and Government are in close contact
  • Cutting growth outlook meant lowering CPI forecast
  • Strong Yen is a drag on the economy and worsens sentiment, Fx intervention falls under the MOF’s jurisdiction
  • Japan’s funding costs are lower than in the US
  • Wants to discuss how to address global slowdown at the next G7
  • BOJ will decide policy on a long-term perspective and will conduct policy at an appropriate speed