In this manner, the Bank has continued to make various efforts on the monetary policy front, taking into account the time horizon of short-term and medium- to long-term periods. The Bank will continue to carefully examine the outlook for economic activity and prices, and take appropriate actions as necessary.
Concluding remarks I see I am running out of time, so I would like to conclude my remarks. The earthquake has posed additional challenges to Japan’s economy, which had already faced significant problems to tackle. It is true that Japan’s economy is facing very difficult challenges. However, we should avoid falling into pessimism unnecessarily.