SUMITA SAYS LITTLE ROOM FOR BANK TO EASE POLICY Bank of Japan governor Satoshi Sumita said there is little room left for the central bank to further ease its credit policy as interest rates levels are now approaching their lower limit. "The government should instead seek ways of making the best use of its fiscal policy," he told a press conference. His remarks were concerned with a comprehensive economic stimulative package the government plans to adopt in the coming days. At the recent talks among the six major industrialised nations in Paris, Japan promised to work out a comprehensive economic package to boost domestic demand, which in turn would help increase its imports and reduce its trade surplus. Sumita also said the economy will show a gradual upturn in the second half of the year if the yen remains stable. He said there is caution in the foreign exchange market against a further rise of the yen and mark and this explains the recent stability in the currency markets. Conflicting economic indicators from the U.S. Have also been dampening market activity, he added.