Turning to other developments in the financial markets, the yen has depreciated somewhat against the U.S. dollar in the foreign exchange market, amid the heightening speculation over the policy rate hike in the United States. In this situation, stock prices have been relatively firm.
Meanwhile, in response to the outcome of the U.S. presidential election, the yen had appreciated and stock prices had declined, both to a large degree temporarily, but thereafter reverted to situations of a depreciation and an increase, respectively. The Bank will continue to carefully monitor market developments.