It’s difficult to say that you can avoid crises, but there is less chance if the authorities are making a coordinated attempt to stop them. As much as we can we want to keep the price stability and financial stability mandates distinct. That might not always happen but you have to at least try.
Current situation Now I would like to discuss developments in economic activity and prices in Japan. The Bank's assessment is that Japan's economy is expanding moderately, with a virtuous cycle from income to spending operating. In fiscal 2017 to date, the Bank has revised up its economic assessment twice.