Chairman Mitarai's comment at his press conference

February 26, 2007

Following is the gist of remarks made by Chairman Mitarai at his Press Conference. Translation is rush and tentative, and sequence of the gist does not necessarily coincide with words delivered.

(Asked on the latest raise of the interest rate by the BOJ)

The measure will not have significant impacts on the Japanese economy because the financial market is still under influence of easy money policy. Consumer prices and consumer spending lack force and the central bank is required to implement monetary policy in good communicating with the government to avoid resurgence of deflationary malaise.

(Asked on the upcoming meeting with Russian Prime Minister Fradkov)

I am looking forward to having exchange of views with the prime minister on such topics as improvement of Russian business environment and economic cooperation in the fields of energy and transportation.

(Asked on activities of Investment Funds)

M & A should be a business tool to add more values to companies.


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