Takenaka says govt expectations of BOJ 'very high'

Japan's Financial Services and Economics Minister Heizo Takenaka said on Tuesday that the government is working hard to overcome deflation and its expectations for the Bank of Japan's policies are "very high".

"It is necessary to have strong policies to overcome deflation," Takenaka told a news conference.

Falling prices have bedevilled the Japanese economy for over three years, weighing on corporate earnings and exacerbating the problem of non-performing loans in the banking sector by making e