• Need to carefully watch global market moves
• Yen’s relative value at quite high level compared with prior to Lehman crisis
• Will not say there is nothing more monetary policy can do
• Need to do utmost to prevent euro debt woes from triggering global financial crisis
• BOJ always thinking what more it can do to achieve sustainable economic growth
• BOJ already taking bold monetary steps
• Must first strive to achieve 1% price growth before aiming for higher inflation
• Giving impression BOJ buying JGBs to monetise debt will harm market trust in Japan finances
• Cannot rule out chance of Japan, like Europe, facing sudden spike in bond yields
• Euro zone needs to lay out details on regaining market trust in its financial system