FUKUOKA -- U.S. Treasury Secretary Lawrence Summers suggested to Finance Minister Kiichi Miyazawa on Saturday that Japan should stick to its present sound monetary and fiscal policies to lift its economy out of recession, a senior Japanese official said.
Summers stopped short of making demands concerning Japanese economic policies, however, including the closely watched Bank of Japan's monetary policy, the official told reporters.
Monetary, fiscal and structural policies are crucial to Japan, Summers was simply quoted as saying.