Prime Minister Junichiro Koizumi said Thursday the government will take every possible measure in cooperation with the Bank of Japan to accelerate the disposal of nonperforming loans and prevent a financial crisis.
However, he said there is no silver bullet to end deflation.
"The disposal of nonperforming loans is a key pillar to overcoming deflation," Koizumi said in a speech at a Tokyo hotel. "And I will accelerate the disposal to normalize the situation in fiscal 2005 as planned."
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.