Heizo Takenaka, an economist from Japan said that the central bank should consider increasing the purchases from the government debt to end the deflation, while he demanded one to three percent rise in consumer prices.

He said that government should assign price targets to the Bank of Japan and the bank should use the bond purchases and deny loan into the private sector. However, he commented that purchasing bonds was an option; BOJ should deny the purchases of riskier object as priority. BOJ is taking steps to beat the deflation effect.

Heizo Takenaka is a former economic minster under the rule of the Liberal Democratic Party and has, obviously, good ties with it. But he denied that he was not interested in any position at BOJ or in the next cabinet, though he had good relations with Shinzo Abe, the head of LDP.

He criticized Abe's idea of selling public assets to fund public works. "It is clear we cannot increase public debt from now. If some old-fashioned LDP members are considering some old-fashioned public works from the 90s, then it would not work", he added.

Takenaka served the country as economics and privatization minister for 10 years and was the one control the economy of Japan at that time.