Japanese Finance Minister Katsunobu Kato: I hope the market can calm down.
Japanese Finance Minister Koizumi Kaga: We hope that the market can calm down, and we are handling public finances in a responsible manner. We have not implemented expansionary fiscal policies. We hope the market can calm down, and we are handling public finances responsibly. We have not implemented expansionary fiscal policies. We have taken stabilizing measures in the last four months. Top global investors are very optimistic about Japan and have confidence in future bond auctions, which will surely be successful. We do not ignore market opinions, do not view Japan as a canary in a coal mine. We cannot say whether we will intervene in the foreign exchange market, but it remains an option for us. The market may be sensitive to the sales tax plan, and Japan's fiscal deficit is the smallest among the G7 countries.
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