Japan's Kishida_ Excessive FX Moves Are Undesirable

You asked a question about the market intervention in the currency market. It's one, of course, that I directly refrain from talking about, and what I have in mind, because it might have an impact on the market. Anyhow, the currency market should reflect the economic fundamentals of various nations. The stable movement of currencies counts quite a lot, I believe. At least, excessive volatility in the currency market is not something we hope or desire. The government has a very high sense of urgency looking at what's happening in the currency market. Excessive movement, when it happens, will have to carry out all the possible measures to deal with the excessive volatility in the currency market. This is the basic stance of the government. You asked a question about the government and the Bank of Japan relationship. I had a meeting with the BOJ governor. At that time, the Bank of Japan has maintained unprecedented easy money policy for more than 10 years. Then, to make a step forward into a new stage, that is the first topic. We have to take advantage of the positive economic movement. Then, the easy financial monetary environment will be maintained to make it a reality. The Bank of Japan has made an announcement of two matters at the same time. I believe this is an appropriate measure for the Bank of Japan. That is what I have said. Whether there is expectation for the additional interest rate increase by the Bank of Japan, I think I'd like to refrain from talking about that as well. Anyhow, the government is going to work hand in glove with the Bank of Japan. As I said, a complete departure from deflation to bring the Japanese economy into a new type of growth-oriented economy. To make it happen, we are facing a crunch time.