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Viewing cable 06TOKYO1272, JAPANESE MORNING PRESS HIGHLIGHTS 03/10/06

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Reference ID Created Released Classification Origin
06TOKYO1272 2006-03-10 01:07 2011-08-25 00:00 UNCLASSIFIED Embassy Tokyo
VZCZCXRO4278
PP RUEHFK RUEHKSO RUEHNAG RUEHNH
DE RUEHKO #1272/01 0690107
ZNR UUUUU ZZH
P 100107Z MAR 06
FM AMEMBASSY TOKYO
TO RUEHC/SECSTATE WASHDC PRIORITY 9567
INFO RUEKJCS/SECDEF WASHDC PRIORITY
RHEHAAA/THE WHITE HOUSE WASHINGTON DC PRIORITY
RUEAWJA/USDOJ WASHDC PRIORITY
RULSDMK/USDOT WASHDC PRIORITY
RUCPDOC/USDOC WASHDC PRIORITY
RUEAIIA/CIA WASHDC PRIORITY
RUEKJCS/JOINT STAFF WASHDC//J5//
RHHMUNA/HQ USPACOM HONOLULU HI
RHHMHBA/COMPACFLT PEARL HARBOR HI
RHMFIUU/HQ PACAF HICKAM AFB HI//CC/PA//
RHMFIUU/COMUSJAPAN YOKOTA AB JA//J5/JO21//
RUYNAAC/COMNAVFORJAPAN YOKOSUKA JA
RUAYJAA/COMPATWING ONE KAMI SEYA JA
RUEHNH/AMCONSUL NAHA 7677
RUEHFK/AMCONSUL FUKUOKA 5050
RUEHOK/AMCONSUL OSAKA KOBE 8167
RUEHNAG/AMCONSUL NAGOYA 5081
RUEHKSO/AMCONSUL SAPPORO 6233
RUEHBJ/AMEMBASSY BEIJING 1051
RUEHUL/AMEMBASSY SEOUL 7242
RUCNDT/USMISSION USUN NEW YORK 9230
UNCLAS SECTION 01 OF 09 TOKYO 001272 
 
SIPDIS 
 
SIPDIS 
 
DEPT FOR E, P, EB, EAP/J, EAP/P, EAP/PD, PA; 
WHITE HOUSE/NSC/NEC; JUSTICE FOR STU CHEMTOB IN ANTI-TRUST 
DIVISION; TREASURY/OASIA/IMI/JAPAN; DEPT PASS USTR/PUBLIC AFFAIRS 
OFFICE; SECDEF FOR JCS-J-5/JAPAN, 
DASD/ISA/EAPR/JAPAN; DEPT PASS ELECTRONICALLY TO USDA 
FAS/ITP FOR SCHROETER; PACOM HONOLULU FOR PUBLIC DIPLOMACY 
ADVISOR; CINCPAC FLT/PA/ COMNAVFORJAPAN/PA. 
 
E.O. 12958: N/A 
TAGS: OIIP KMDR KPAO PGOV PINR ECON ELAB JA
 
SUBJECT: JAPANESE MORNING PRESS HIGHLIGHTS 03/10/06 
 
Index: 
 
1)   Top headlines 
2)   Editorials 
3)   Prime Minister's daily schedule 
 
4)   Three returning GSDF troops from Iraq immediately committed 
   suicide, possibly from built up stress 
 
Defense issues: 
5)   With central, local governments at impasse over Futenma 
   relocation issue, ruling camp lawmakers try to intervene to help 
6)   LDP's Yamasaki asks Prime Minister Koizumi to coordinate 
solution to Futenma impasse with local governments 
7)   Prime Minister tells Yamasaki he is negative about revising 
government's plan to relocate Futenma in Okinawa 
8)   Okinawa governor in meeting with JDA chief Nukaga restates 
opposition to government's plan to relocate Futenma 
9)   Okinawa Governor Inamine says Tokyo is giving priority to US 
over local interests in resolving USFJ realignment issues 
 
China relations: 
10)  China says that since Senkakus are owned by China, quite 
   proper to present Japan with a joint gas development proposal in 
   that area 
11)  Koizumi upset at China: "The Senkakus are Japanese 
territory!" 
12)  Foreign Minister Aso runs off the rails again, calling 
Taiwan a "country" then retracting the statement, made in the 
Diet 
13)  China blasts Aso's latest gaffe 
14)  China's Ambassador to Japan Wang, called in by Foreign 
Ministry to hear protest, refuses to go, hears protest on phone 
 
15)  Fifteen-year old Indonesian girl a victim of human 
   trafficking at famous hot springs resort in Japan's Gumma 
   Prefecture 
 
16)  Bank of Japan lifts ultra-loose monetary policy after five 
   years, but keeps zero interest rate for time being 
 
Articles: 
 
1) TOP HEADLINES 
 
Asahi, Mainichi, Yomiuri, Nihon Keizai & Tokyo Shimbun: 
BOJ ends monetary-easing policy; Zero interest remains intact for 
time being; First policy shift in 5 years 
 
Sankei: 
Government panel to approve NHK to air commercials overseas 
 
2) EDITORIALS 
 
Asahi: 
(1)  BOJ policy switch: Full consideration necessary to prevent 
return of deflation 
(2)  Japan-China gas field development: Japan must hammer out 
countermeasures in cool-headed manner 
 
Mainichi: 
(1)  End of monetary-easing policy: BOJ should raise interest 
 
TOKYO 00001272  002 OF 009 
 
 
rates in line with economy 
(2)  US, Iran need to establish cooperative relations 
 
Yomiuri: 
(1)  BOJ should reveal intent to keep interest rates zero for 
time being 
(2)  International community must remain united in dealing with 
Iranian nuclear issue 
 
Nihon Keizai: 
(1)  BOJ policy shift a first step toward normalizing monetary 
policy 
 
Sankei: 
(1)  End of quantitative easing regarded as first step toward 
normalization of monetary policy 
(2)  Attention must be paid to infectious diseases other than 
bird flu 
 
Tokyo Shimbun: 
(1)  With monetary policy switch, energy should be poured into 
stabilizing market 
(2)  World Baseball Classic: Fans' expectations should be taken 
into consideration 
 
3) Prime Minister's Official Residence (Kantei) 
 
Prime Minister's schedule, March 9 
 
NIHON KEIZAI (Page 2)  (Full) 
March 10, 2006 
 
10:31 
Met LDP Secretary General Takebe at Kantei. 
 
11:04 
Met the highest award winner, Nozomi Watanabe, and others 
entrants in the senior high school students' speech contests on 
the Northern Territories. 
 
13:45 
Met Policy Research Council Chairman Nakagawa. 
 
14:30 
Met Parliamentary Foreign Secretary Yamanaka, Foreign Ministry 
European Affairs Bureau Director-General Harada, and others. 
 
15:00 
Met Intelligence Officer Kanemoto. 
 
16:00 
Met former LDP Vice President Yamasaki. Afterward, met National 
Policy Agency Director-General Urushima. 
 
17:19 
Attended a meeting of the Japan Investment Council. 
 
18:17 
Met Chief Cabinet Secretary Abe. 
 
19:09 
Met one-time LDP House of Representatives members at Akasaka 
 
TOKYO 00001272  003 OF 009 
 
 
Prince Hotel, joined by Takebe.Prime Minister: "Patience is a 
virtue. Practice makes perfect. Three years of service will make 
you feel familiar with politics." 
 
19:53 
Arrived at residence. 
 
4) Three SDF members committed suicide after returning from Iraq 
 
ASAHI (Page 38) (Excerpts) 
March 10, 2006 
 
Three of the Ground Self-Defense Force (SDF) troops committed 
suicide after returning to Japan from Iraq, to which they had 
been dispatched on a humanitarian and reconstruction assistance 
mission. The three include a battery commander responsible for 
ensuring the safety of a unit. An official of the Defense Agency 
(JDA) said, "It was impossible to conclude whether they committed 
suicide because of their experiences in Iraq," but it has been 
reported that many of those who returned from Iraq remain unable 
to adjust themselves to their surroundings and that others have 
attempted to commit suicide. The JDA has not obtained accurate 
information, but it might be urgently necessary to review mental 
healthcare for troops. 
 
About 4,500 SDF troops have so far returned to Japan from Iraq. 
According to informed sources, one of the three was a former 
battery commander in his 30s. He died from inhaling carbon 
monoxide gas in his car last summer. After returning from Iraq, 
he had been preoccupied with dealing with the aftermaths of 
misconducts and a traffic accident caused by two subordinate 
officers during his stay in Iraq. 
 
A battery commander gives instructions to more than 100 guards to 
support the commander. The unit of the former battery commander 
had exposed to danger many times in Iraq. Its camp was attacked 
with a shell and other means many times, and there is even a case 
in which a member of the unit was about to be mistakenly shot by 
an American soldier. 
 
After returning to Japan two years ago, the former battery 
commander was appointed to be a training senior officer at a 
regional district headquarters. It has been reported that during 
the Japan-US joint training last year, he suddenly shouted: "I 
will be killed if I am with them (American soldiers)." His friend 
commented: "He had been told 'don't go closer to American troops' 
in order to avoid from being involved in a terrorist attack in 
Iraq, so he might have had trauma." 
 
Among the 240,000 SDF members, 94 (0.04%) committed suicide, the 
highest record, in fiscal 2004. The number in this fiscal year is 
70 (0.03%) as of the end of January. The rate of the Iraq- 
returning suicide victims to all is 0.07%. 
 
5) Futenma relocation: Ruling coalition launches efforts to 
mediate between central government and local municipalities 
 
NIHON KEIZAI (Page 2) (Full) 
March 10, 2006 
 
The ruling parties yesterday embarked on full-fledged 
consultations over the relocation of the US military's Futenma 
 
TOKYO 00001272  004 OF 009 
 
 
Air Station in Ginowan City, Okinawa Prefecture, an issue drawing 
much attention in the realignment of US forces in Japan. Prime 
Minister Junichiro Koizumi has no intention to change the current 
plan for relocating the Futenma airfield to Camp Schwab in Nago 
City, as specified in the interim report the Japanese and US 
governments released last October, but the central government has 
had difficulties in coordinating views with local municipalities. 
 
"I'd like you to leave coordination to our party," Hidenao 
Nakagawa, chair of the Liberal Democratic Party (LDP) Policy 
Research Council, said to Koizumi at the Prime Minister's 
Official Residence (Kantei) yesterday. Taku Yamasaki, chair of 
the LDP Security Research Council, who has been asked by Nakagawa 
to act as a mediator, also met with Koizumi. Reportedly, Koizumi 
told Yamasaki: "My hope is that the government plan will be 
implemented as is, but I also understand that coordination is 
necessary." 
 
For the US, the relocation of Futenma is part of the integrated 
package of the US military transformation that envisions possible 
contingencies in East Asia and other factors. "Special treatment" 
is not assumed in the package. The prime minister, too, perhaps 
out of consideration for the US, appears to be coming around to 
settling the issue in line with the interim report. 
 
Okinawa's position is quite different. Governor Keichi Inamine 
yesterday met with LDP Secretary General Tsutomu Takebe and 
Nakagawa at party headquarters and told them: "We can't accept 
the planned relocation, given the long history of debates over 
the relocation of Futenma." Some in the government are suggesting 
setting up a consultative body involving the central and local 
governments, but it is not yet clear whether such a body will 
actually be established. (The LDP) is therefore trying to look 
for ways to resolve the issue under its leadership. 
 
6) Koizumi tells Yamasaki to make arrangements with local areas 
for Futenma relocation 
 
ASAHI (Page 2) (Full) 
March 10, 2006 
 
Prime Minister Koizumi held talks at his official residence 
yesterday with Liberal Democratic Party Security Research 
Commission Chairman Taku Yamasaki over the planned relocation of 
the US Marine Corps' Futenma Air Station in Okinawa Prefecture, 
now in focus as part of the realignment of US forces in Japan. 
 
According to Yamasaki, Koizumi instructed him and the LDP to make 
arrangements to elicit compromises from local areas, saying, "I 
would like to see the government plan implemented, but local 
reaction is still mixed. The situation requires some 
coordination." 
 
After the meeting, Koizumi said to reporters, "I asked (Yamasaki) 
to continue working hard to obtain cooperation of local residents 
in Okinawa on the government plan." 
 
Okinawa's Nago municipal government is seeking changes to the 
Henoko relocation plan, agreed upon by the Japanese and US 
governments. But Koizumi reiterated that the government at 
present has no plan to revise the relocation plan. 
 
 
TOKYO 00001272  005 OF 009 
 
 
According to Yamasaki, Koizumi also expressed his desire to 
obtain local consent by the end of this month when Japan and the 
US are scheduled to produce a final report, noting, "I strongly 
hope for a final settlement by the end of this month." Koizumi 
also expressed his willingness to hold talks with Okinawa Gov. 
Keiichi Inamine once a prospect is obtained for local consent. 
 
Meeting with Inamine yesterday, Defense Agency Director General 
Fukushiro Nukaga also indicated he would expedite coordination, 
stating: "I will make a final decision, and then consult with the 
prime minister." Inamine again refused the government plan, 
saying, "Okinawa cannot accept such a plan." 
 
7) Prime Minister asks Taku Yamasaki to coordinate Futenma 
relocation, but is negative about revising government's plan 
 
YOMIURI (Page 4) (Full) 
March 10, 2006 
 
In a meeting yesterday with Taku Yamasaki, chairman of the 
Liberal Democratic Party's Security Research Committee, Prime 
Minister Junichiro Koizumi asked him to cooperate with local 
governments in coordinating the plan to relocate Futenma Air 
Station (Ginowan City) to the coastal portion of Camp Schwab 
(Nago City). He told him: "I would like you to discuss it with 
the Defense Agency and then make efforts to coordinate the plan." 
However, on the revisions being sought by the local community, 
the Prime Minister again indicated that he would not respond, 
stating, "I would like to see the government's plan adopted." 
Yamasaki asked Koizumi to meet with Gov. Keiichi Inamine, but the 
Prime Minister replied, "I will talk to him when the environment 
has been prepared. Once that is the case, it will be fine." 
 
8) Governor Inamine reiterates opposition to JDA chief Nukaga 
regarding coastal plan for Futenma relocation 
 
MAINICHI (Page 2) (Full) 
March 10, 2006 
 
Okinawa Governor Keiichi Inamine visited Defense Agency Director 
General Fukushiro Nukaga yesterday at his agency. In the meeting, 
the governor once more expressed his opposition to the relocation 
of Futenma Air Station (Ginowan City, Okinawa Prefecture) to the 
coastal portion of Camp Schwab (Nago City, same prefecture). 
 
Inamine stressed the Camp Schwab coastal plan was "unacceptable," 
He advocated as appropriate the previous plan to build a facility 
in the offing of Henoko district, as approved by the Cabinet in 
ΒΆ1999. In respond, Nukaga sought the governor's understanding for 
the coastal plan. 
 
After the meeting, Governor Inamine told the press corps that a 
meeting with Prime Minister Koizumi "is possible if the right 
conditions are set up." He also met yesterday with Liberal 
Democratic Party (LDP) Secretary General Takebe and LDP Policy 
Research Council Chairman Hidenao Nakagawa. 
 
On the other hand, Prime Minister Koizumi also met yesterday with 
Taku Yamasaki, the Security Research Council chairman in the LDP 
and instructed him to try to persuade the local governments on 
the plan. 
 
 
TOKYO 00001272  006 OF 009 
 
 
9) Futenma relocation: Inamine tries to check government's 
approach of putting US ahead of local areas 
 
TOKYO SHIMBUN (Page 2) (Full) 
March 10, 2006 
 
Okinawa Gov. Keiichi Inamine held separate talks in Tokyo 
yesterday with Defense Agency Director General Fukushiro Nukaga, 
Liberal Democratic Party Secretary General Tsutomu Takebe, and 
others. Inamine reiterated his opposition to the Japan-US 
agreement to relocate the US Marine Corps' Futenma Air Station to 
the coastline of Camp Schwab apparently in an effort to constrain 
the government's intention to reach a final agreement on the 
planned US force realignment by the end of this month even 
without local consent. 
 
In his talks with Nukaga, Inamine said, "It is provocative for 
the government to prioritize negotiations with the US over talks 
with local areas." Nukaga explained, "It's a misunderstanding 
(that the government has jumped the gun)." 
 
Meanwhile, Prime Minister Koizumi has ordered LDP Security 
Research Committee Chairman Taku Yamasaki to advance coordination 
in collaboration with the government and the ruling camp, saying: 
"I would like to see the government plan implemented as it is. 
But because there are objections in the ruling bloc and mixed 
local reactions, coordination of views is essential." 
 
10) China calls Senkakus "China's territory" in attempt to 
justify new proposal on joint gas field development 
 
SANKEI (Page 1) (Excerpts) 
March 10, 2006 
 
Hideaki Noguchi, Beijing 
 
In his regular press conference yesterday, Chinese Foreign 
Ministry Spokesman Qin Gang criticized Japan's stance over the 
issue of joint development of gas fields in the East China Sea, 
saying: "The Diaoyu Islands (called Senkaku in Japan) are China's 
territory, so it is unreasonable for Japan to say, on the premise 
that the islands are its territory, that it cannot accept our new 
proposal." The remark is intended to justify China's new proposal 
for exploring gas fields in two areas, including one near the 
Senkaku Islands, and to try to put pressure on Japan. 
 
Qin also revealed that China had refused in talks on March 7 
Japan's proposal calling for China to suspend its ongoing 
development of the Shirakaba gas field, which China calls 
Chunxiao, until both sides reach an agreement on joint 
development. He said: "China is developing oil fields in waters 
near China and free from any dispute with Japan. The development 
is a justifiable act, based on China's sovereignty." 
 
11) Prime minister reacts to China's new proposal for gas field 
development 
 
SANKEI (Page 2) (Excerpts) 
March 10, 2006 
 
In reference to Chinese Foreign Ministry Spokesman Qin Gang's 
remarks (concerning China's new proposal for Japan and China to 
 
TOKYO 00001272  007 OF 009 
 
 
jointly develop an area near the Senkaku Islands by defining the 
islands as China's territory), Prime Minister Junichiro Koizumi 
said: "Japan is in a different position from China." He indicated 
that the Senkaku Islands are Japan's territory, so Japan cannot 
accept the Chinese proposal. He was replying to questions by 
reporters at his official residence. 
 
A senior Foreign Ministry official fiercely reacted to Qin's 
remark, claiming: "As long as China has made such an assertion, 
talks will never move ahead." A source familiar with Japan-US 
relations commented: "China might be aiming to delay talks by 
bringing forth a territorial issue and making the talks 
complicated." 
 
The government has insisted that there are no territorial issues 
pending between Japan and China. Foreign Minister Taro Aso has 
also emphasized: "The Senkaku Islands are Japan's territory both 
historically and under international law. Japan won't respond to 
China's proposal." 
 
12) Foreign Minister Aso again commits gaffe, perplexing some in 
the government 
 
NIHON KEIZAI (Page 2) (Full) 
March 10, 2006 
 
Foreign Minister Taro Aso called Taiwan a "country" during an 
Upper House Budget Committee session yesterday, saying: "It has a 
mature democracy and embraces a free economy. It is also a 
country under the rule of law. It is a nation that shares values 
with Japan." In his subsequent replies immediately after these 
remarks, Aso modified them, noting: "I was speaking based on 
Japan's position that (Japan) has recognized China as the only 
legitimate government. Basically, it is correct to call it 'a 
region.'" But some government officials have been perplexed by 
his propensity to "go off the rails from official government 
views." 
 
Aso's controversial remarks came in reply to a question from 
Naoki Okada of the Liberal Democratic Party (LDP), asking, "How 
do you view Taiwan from a strategic viewpoint?" Aso is seen as 
pro-Taiwan. In a recent speech, Aso pointed out that Japan had 
emphasized compulsory education in Taiwan while it had been under 
Japan's colonial rule. He also stated: "It has become a highly- 
educated country in part owing to an improvement in its literacy 
rate, and it has been abreast of the times." 
 
Meeting the press yesterday, Chief Cabinet Secretary Shinzo Abe 
stressed: "Our nation's position about Taiwan is mentioned in the 
Japan-China Joint Statement. Our position remains the same. I 
think the foreign minister also has understood our position." 
 
13) Foreign Minister Aso's remarks draw strong objections from 
China 
 
NIHON KEIZAI (Page 2) (Full) 
March 10, 2006 
 
By Yuri Momoi, Beijing 
 
Chinese Foreign Ministry Spokesman Qin Gang at a regular press 
conference yesterday referred to Foreign Minister Taro Aso's 
 
TOKYO 00001272  008 OF 009 
 
 
remarks in which he called Taiwan a country, criticizing Aso: "We 
are astonished to hear the top diplomat of Japan openly made 
remarks that went against the China-Japan Joint Statement." The 
spokesman added: "We strongly protest against rude interference 
in China's internal affairs." 
 
14) Chinese ambassador to Japan refused to come when called in by 
vice foreign minister 
 
YOMIURI (Page 2) (Abridged slightly) 
March 10, 2006 
 
In the wake of Chinese Foreign Minister Li Zhaoxing's reference 
to Prime Minister Koizumi's visits to Yasukuni Shrine as "foolish 
and immoral," Vice Foreign Minister Shotaro Yachi tried to summon 
March 8 Chinese Ambassador to Japan Wang Yi over to the ministry 
to lodge a protest but the Chinese ambassador refused to show up, 
sources revealed yesterday. Wang did not visit the ministry, 
citing his tight schedule, and Yachi protested on the phone. The 
Foreign Ministry described the refusal as extremely unusual under 
diplomatic protocol. The government and ruling coalition are 
reacting strongly to Li's remarks and Wang's action. 
 
Li criticized Koizumi's Yasukuni visits in a press conference 
March 7 in Beijing, saying, "A certain German official said to 
me, 'I cannot understand why the Japanese leader can do such a 
foolish and immoral thing.'" 
 
In response, the Foreign Ministry placed March 8 several calls to 
the Chinese Embassy to urge Ambassador Wang to visit the 
ministry, but the Chinese side refused to do so. 
 
In the evening, Yachi protested Yachi on the phone, saying, 
"There may be differences in views but one should use appropriate 
expressions in expressing his views." Wang refused to offer an 
apology, defending China's position on Koizumi's visits to 
Yasukuni Shrine. An exchange of accusations followed. 
 
In a House of Councillors Budge Committee meeting yesterday, 
Chief Cabinet Secretary Shinzo Abe rapped Li, saying: 
 
"Describing actions by the prime minister of another country as 
'foolish' and 'immoral' proves a lack of dignity on the part of 
the top diplomat. I don't know if there really is a government 
official in Germany uttering such words." 
 
15) Two men arrested for human trafficking of 15-year-old 
Indonesian girl; Second case in Japan 
 
ASAHI (Page 39) (Excerpts) 
March 10, 2006 
 
Gunma Prefecture Police arrested Yasuhi Nakaya, 53, a company 
employee, Wang Yiru, 56, the owner of snack bar, on suspicion of 
violating the Anti-prostitution Law, alleging that Nakaya sold an 
Indonesian girl to Wang for money. 
 
According to Gunma Police, since the law was revised in 2005 this 
was the second arrest case following the first in October 2005. 
The girl was forced to engage in prostitution since last October 
at Ikaho Hot Spring Resort in Gunma Prefecture. She told the 
police that she was 15 years old. Reportedly Nakaya has denied 
 
TOKYO 00001272  009 OF 009 
 
 
the allegation, but Wang admitted the charge. 
 
The prefectural police found that Nakaya reportedly sold the girl 
to Wang for about 2.3 million yen on Sept. 13, 2005. The police 
intend to arrest a 26-year-old Indonesian woman on suspicion of 
involvement in the human trafficking case. 
 
The 15-year-old girl arrived in Japan last August with a fake 
passport. She has been forced by Wang to pay about 5 million yen 
for a loan. She reportedly has not been allowed to freely leave 
the apartment where she lives. For her living expenses, she has 
an allowance of about 10,000 yen a month from Wang. 
 
16) BOJ ends quantitative easing; 1st policy switch in 5 years; 
Zero interest rate remains intact; Short-term interest rates 0-2% 
 
NIHON KEIZAI (Top Play) (Excerpts) 
March 10, 2006 
 
The Bank of Japan decided yesterday in a meeting of its Policy 
Board to end its quantitative monetary-easing policy introduced 
in March 2001, and implemented the new policy immediately 
yesterday. The BOJ has made the decision based on the judgment 
that the consumer price index (CPI) will not descend into 
negative territory. The central bank will maintain the zero 
interest rate policy for the time being even though it has 
returned to a conventional monetary policy of using market 
interest rates for the first time in five years. As measures to 
prevent the market from falling into turmoil after the policy 
shift, the central bank decided to use an inflation reference 
rate with a range of zero to two percent as the appropriate 
medium- and long-term rate of year-on-year change in the CPI. 
 
Points of policy-making decision 
 
Policy target: Shifts the BOJ's checking account to the overnight 
call rate. 
 
Monetary adjustment: Sets the overnight call rate at almost zero 
percent, maintaining the amount of monthly purchase of long-term 
government bonds at 1.2 trillion yen. 
 
Target of stable prices: Medium- and long-term price stability 
should be fall in an approximate range between zero to two 
percent as inflation reference rate, the core rate should be 
around one percent. 
 
SCHIEFFER