Market participants share the view that fundamentals are strong.

As for the short run effects, exchange rate movements influence the economy through changing relative prices between goods at home and abroad.

There is a high chance that core consumer prices will turn to be positive toward the end of the year.

The aging and decreasing population is a serious problem in many developed countries today. In Japan’s case, these demographic changes are taking place at a more rapid pace than any other country has ever experienced.

It’s necessary to make the judgment calmly and objectively without any preconceived notions about whether the consumer price index excluding fresh food prices has stabilized at zero or above.

[The time by which core prices will achieve stable gains] is getting pretty close, … That means interest rates will eventually head toward positive territory.

As the new endogenous growth theory suggests, TFP growth is closely related to accumulation of the intangible capitals, such as human capital and research and development.

is becoming quite short.

The direct investment of Japanese businesses to East Asian economies accelerates the reallocation of their production bases. Consequently, between Japan and the other East Asian countries, both exports and imports are growing substantially.

If we delayed the move, we would have turned certainty into uncertainty.