BOJ Gov. Masaru Hayami on Wednesday threw cold water on a report that the government and the Bank of Japan will set up a joint team to compile a comprehensive policy to stem the deflationary trend.
"I have not heard of a plan to conduct regular dialogue (between the government and the BOJ)," Hayami said at a regular news conference.
However, the BOJ and the government should continue close consultations over deflationary problems using existing channels and gatherings, he added.