From the viewpoint of firms, the promotion of technological innovations means that there will be correspondingly additional costs, since they will need to invest in human and management resources. Looking back, since the 1990s, the growth rate of the economy and the inflation rate have remained low in Japan.
Let me stress solemnly that our monetary policy stance is itself designed to deliver price stability over the medium term. In any case, we told all governments that they had to correct drastically their fiscal policies. This was not new. It has been our constant message to executive branches: governments must restore fiscal sustainability without delay.